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<p>[QUOTE="mikem2000, post: 2163870, member: 30574"]I agree with a lot of that, but I would just like to make a point. When I compare PM's vs vs. other equities, it is only on a financial level. It has nothing to do with I think these guys are "good Joes" I work in Corporate America and trust me, I hate those guys. Most are low in life's. The facts are the facts though, equities crush PM's in the long run. </p><p><br /></p><p>To address the you question on what happens if this happens again? For the folks holding equities, they should be just fine, since we have had many many equity collapses, and the market ALWAYS roars back. This last one was particularly kind to me since I was in a position in which I was able to purchase large amounts of VERY cheap stock. So from a financial point of view, I will continue to believe an aggressive diversified portfolio will be a big winner, even if it "Happens Again" Now please understand, I do not disagree with you that these jokers should be punished, but that is really another kettle of fish. One that I have very little control of, so I try to concentrate on the things I can control, specifically how I can build my wealth.[/QUOTE]</p><p><br /></p>
[QUOTE="mikem2000, post: 2163870, member: 30574"]I agree with a lot of that, but I would just like to make a point. When I compare PM's vs vs. other equities, it is only on a financial level. It has nothing to do with I think these guys are "good Joes" I work in Corporate America and trust me, I hate those guys. Most are low in life's. The facts are the facts though, equities crush PM's in the long run. To address the you question on what happens if this happens again? For the folks holding equities, they should be just fine, since we have had many many equity collapses, and the market ALWAYS roars back. This last one was particularly kind to me since I was in a position in which I was able to purchase large amounts of VERY cheap stock. So from a financial point of view, I will continue to believe an aggressive diversified portfolio will be a big winner, even if it "Happens Again" Now please understand, I do not disagree with you that these jokers should be punished, but that is really another kettle of fish. One that I have very little control of, so I try to concentrate on the things I can control, specifically how I can build my wealth.[/QUOTE]
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