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by thaumasiotes
2512 days ago
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>> if your timeline is more than 10-15 years, why should you worry at all about recessions next year? On a long enough timeline, a recession is just a great buying opportunity. > Did you miss 2001-2008? Or are you being purposefully deceptive. This looks more like you being intentionally dishonest. I took DJIA figures from http://www.fedprimerate.com/dow-jones-industrial-average-his...: January 2000: 11,722.98
December 2001: 10,021.57
March 2003: 7,673.99
October 2006: 11,850.21 (beating the high of 1/2000)
October 2007: 14,164.53
March 2009: 6,507.04
December 2010: 11,577.51
January 2015: 17,164.95
Here we have a 15-year period which starts at the high price before the period you "called out". What are we supposed to view the low points as, if not great buying opportunities?(Also, it's pretty apparent that 2001-2008 doesn't make sense conceptually as a single period.) |
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