Yes, once again if you had panicked and sold all your stock at any point in the last 12 years, you'd be richer than you are today holding the equities bag of death.Our Government is 'Stress Testing' the banks using the same mathematical models and assumptions the banks used to destroy mankind.
Still, no one up there heard of Nassim Taleb?
Yes, of course not.
The difference is: the first time, banks borrowed private money and levered up 40 to 1, paid themselves bonuses, and then destroyed mankind.Whereas now, We The People are giving the same bankers our children's money, so they can lever it 20 to 1, and destroy mankind twice.
Just this time, without the bonuses, please. . .okay, okay, 500k is fine.
The good money after bad trade.
So as the market meanders down to 6k, to 5k, what can one do? Enjoy, bc if you've been reading this blog you're out at 12-13k DJIA. If you are new here, welcome and panic as soon as possible.
And when you're done freaking out, buy gold. Silver too. Looks like a double.
Double Bubble, Barney Rubble.
