Quote:
Originally Posted by fotze
Do you guys really think that past trends apply to this situation. To me (uneducated on this of course) this seems like unchartered waters that you cannot use past patterns to predict what will happen.
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Yup, I do. Absolutely. If you look at all of the corrections/bear markets of the last several decades, they all had different stimuli. Every single one of them: 1957, '70, '74, '81-82, '87, '90, '98, '00-02. We'll come out of this as we have all the others.
This is my bottom line and the only thing that drives these decisions for me: I absolutely and totally believe that five years from now the markets will be much higher than today and today's prices will seem like a bargain. That's why I'm buying. Warren Buffett is, too, if what the world's greatest investor is doing matters.
I think some of you guys suffer from paralysis from analysis. Some of you seem to care about stuff that doesn't matter to me.