robnplunder
Thinks s/he gets paid by the post
Looking at the stock chart for the last 5 years, it's clear to see that we had a nice bull run. The question in my (and some others) mind is when would the market correct?
I couldn't vote because it doesn't show my prediction:
[*]As soon as I retire and need to live off the portfolio <-- This one
Well now you KNOW which one I voted for!
"Not for another year. Wheeee!"
Based on that I changed my vote.Well now you KNOW which one I voted for! [emoji23]
"Not for another year. Wheeee!"
This is the top. Feels like y2k to me. And again people are talking about trillion dollar company. Tech will break down and we shall see the first trillion dollar company next cycle.
Thanks for the nice ride up from 2009.
Don't forget other memorable drops, like Black Monday, Oct 19, 1987. Well over a 20% drop in one day. Remember the old saying, the bigger they are, the harder they fall. Never been bigger than it is today..... Hope that old saying doesn't hold true for the Dow.Unknowable. When is the next 2001 or 2008 or 1929?
I do not know, did not venture a guess, and left the poll unanswered.
In any case, a correction will stir things up and cause some excitement. I can handle that.
How about a bear market (20% decline), instead of just a correction of 10%? Would that be more fun?
What fun, that time was.Don't forget other memorable drops, like Black Monday, Oct 19, 1987. Well over a 20% drop in one day. Remember the old saying, the bigger they are, the harder they fall. Never been bigger than it is today..... Hope that old saying doesn't hold true for the Dow.