No I haven't either but it's because I move funds around when I see the irrational exuberance the market players get into from time to time.
Look at a chart of the Dow over the past ten years and then plot a linear progression line through its peaks and valleys. Even with this correction, we're still 1 - 2 thousand points above where that line falls.
Just exactly what is it in our economy over the past 10 years that has created such a boom? In the real world the only true thing that causes an economy to move upwards over the long term is population growth and that only works until the population builds to a point where the country can no longer keep up with that growth in terms of natural resources to sustain it. That plotted line, if one analyzes it, moves along with the population. Peaks and valleys far adrift from it are artificial in my mind and signs of trouble.
Enjoy your earnings while you can. Last time we were so far adrift from the natural rise was just before the dotcom bubble burst.
Art
Current Events » in reply to Still up over 2000 since this time last year.
re: Still up over 2000 since this time last year.
The whole thread (31 posts)
- Did anyone else see this stock market drop coming?
- So down about 1000 points since it hit 14000.
- Perspective
- I have to laugh at all the panic selling
- And here's PANIC! From the Fed.
- Sure. Did you see the "Cramer" interview cited on HZ?
- Not in the timing, but...
- A 5-10% correction could happen at any time.