Friday, 10 October 2008
Why All The Doom And Gloom?
« The Big Lie | Main | Sliming of Gov Palin Part II »Why all the doom and gloom today about the markets? It is a perfect opportunity to buy!
But I guess that doesn't fit into the template of a "bad economy" helps Obama that the media is using. So I guess we are going to get and endless supply of more doom and gloom stories in the hopes of scaring people into voting for Obama.
Reading all of this crap is so depressing and of course complete hogwash. We heard the same things after 9/11. But two years later the stock market was setting new records. We are going through a NATURAL cycle in the economy. It is no big deal. Hold onto your investments and in the next 5 years they will be back to where they were before if not higher. In fact some time in the next 5 years I expect the stock market to be setting new highs.
There has never been any 20 year period, including the great depression, where the stock market hasn't gone up 8-10%. Guess what. It will continue to do so into the future as long as we don't screw up the markets with more Government oversight and more Government regulation. Government intrusion is the only dangerous action we can take that will slow down the market's return.
The reality of the situation is that we will bounce back from this down turn like we always do. So laugh at all the doom and gloomers and have confidence that we will set new records in the stock market some time in the next 5 years. And if you have any extra money, now would be a good time to buy stocks.
