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<p>[QUOTE="Cloudsweeper99, post: 1297974, member: 3011"]You are entitled to your opinion. I'm entitled to mine. Every generation has its challenges and reasons why the market "can't" rise whether it is Japan in the late 80s, near collapse of the economy around 1980, energy shocks of the 70s, Cuban missle crisis of the 60's, post war depression fears of the late 40s, Great Depression of the 30s, or what we are experiencing today. Markets adjust to conditions. That is an economic law, not an associative logical fallacy. The market in the early 80s was at the same level as the mid-60s. It was proclaimed dead then, as now. Both predictions will turn out to be wrong in my opinion because markets tend to bottom when things look darkest. So I'm sticking with the market and highly encouraging my kids to do the same regardless of short term setbacks. You can hide in your bunker in fear and spout trendy internet analysis. Everyone has to choose their own course and attitude in life and I'm choosing to be positive about the future because this is what has always worked. I also own PM investments because I think they have a high probability of going higher over the next couple of years -- not because of fear of permanent recession.[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 1297974, member: 3011"]You are entitled to your opinion. I'm entitled to mine. Every generation has its challenges and reasons why the market "can't" rise whether it is Japan in the late 80s, near collapse of the economy around 1980, energy shocks of the 70s, Cuban missle crisis of the 60's, post war depression fears of the late 40s, Great Depression of the 30s, or what we are experiencing today. Markets adjust to conditions. That is an economic law, not an associative logical fallacy. The market in the early 80s was at the same level as the mid-60s. It was proclaimed dead then, as now. Both predictions will turn out to be wrong in my opinion because markets tend to bottom when things look darkest. So I'm sticking with the market and highly encouraging my kids to do the same regardless of short term setbacks. You can hide in your bunker in fear and spout trendy internet analysis. Everyone has to choose their own course and attitude in life and I'm choosing to be positive about the future because this is what has always worked. I also own PM investments because I think they have a high probability of going higher over the next couple of years -- not because of fear of permanent recession.[/QUOTE]
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