>> Allrighty then big V. Please calm down and re-assess your position.
>> Have you forgotten "buy low, sell high" ?
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>Vaughn (Who is back from Ca, fighting jet lag by racking up some holiday time
>on a local Hobbs meter)
> My point (in case WB actually missed it) is that in terms of overall stock
>market performance, the last five years have been dismal; nothing that meets the
>definition of a bear market, just dismal. At some point, even the neocons will
>have to doff their rose-colored glasses, wherein Vaughn predicts they will
>promptly blame someone else for their failure and offer up yet another flawed
>plan to the true believers.
>>> Allrighty then big V. Please calm down and re-assess your position.
>>> Have you forgotten "buy low, sell high" ?
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> So you dismiss my analysis because you don't agree with it ?
> Fair enough.
I dismissed your "analysis" because my personal situation is not relevant
to the economic outlook for the entire nation. Further; you can't possibly know
anything about my financial situation and I am unlikely to supply such
information in a public forum, so I don't see how we could possibly discuss it.
(perhaps over a beer someday, I would like that)
>> My point (in case WB actually missed it) is that in terms of overall
>> stock
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> Actually I didn't miss your *point*, I just disagree with your
> position.
You disagree that the DJIA and other relevant market have been
substantially unchanged over the last five years? Do you think that is a good
sign?
> Yes the DJIA, NASDAQ, and SP500 *"AVERAGES"* have largely been "flat"
> However, the astute investor would have bought/sold on the
> peaks/troughs.
Again, we are not talking about investment strategy, we are talking about
the economy.
> The hard bear market ended in the early new millennium.
>
> NeoCon, is that like a neo-nazi ?
> Despite your name calling,...
No name calling. I think they call themselves "Neocons" (short for "new
conservatives) and it is not considered (to them at least) a pejorative term.
If you prefer, I will call them "New Conservatives".
>I still think that you put too much trust
> in the government...
Well no...actually I have little trust in government, particularly in the
current administration. My education is in both Business and in Public
Administration, I have given these things considerable thought and perhaps even
learned a few things they didn't have time to cover in your dental school.
>...and your retirement administration.
Do you mean "my" (local) retirement commission or the social security
administration? Again, you know nothing about my personal finances and this
thread is not about that.
> My plan is to take care of my own retirement and not to trust others
> to do it for me.
You must put your treasure somewhere. There is nowhere (not even your
mattress) where it is not impacted by government fiscal policy. This is what we
are talking about.
> W_B predicts that Vaughn will promptly blame someone else for their
> failure and offer up yet another flawed plan to the true believers.
Vaughn is not a "true believer" of anything other than sound fiscal policy.
Hint: a truly sound (conservative) governmental fiscal policy is unlikely to
feature a record deficit.
> Happy New Year bro,
> May your returns exceed your expectations.
...and the same to you.
> Keep in mind that is unlikely to happen if you continue to allow
> someone else to manage *your* money.
Again... this thread is not about Vaughn, it is about the economy and (I
suppose) the government policy that is driving the economy. There is nowhere
you can make or invest your money where it is not impacted by government
policy...be it good or bad (for you) policy.
Regards
Vaughn