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<blockquote data-quote="HerefordSire" data-source="post: 391195" data-attributes="member: 4437"><p>I think depression is a bit of a stretch. </p><p></p><p><strong>That is what many people said in 1929. Then when the depression hit there were millions of Americans in the food lines. The people that had debt and could not pay their debts lost everything they had.</strong></p><p></p><p>I think we are due for a correction. </p><p></p><p><strong>There is no doubt about that. At the same time, the market could pop another 10% upward. If a market can go down 75% like the Nasdaq and the Nikkei, then the markets can surely go up another 10%.</strong></p><p></p><p>I don't think a 10% correction would be out of line. </p><p></p><p><strong>The short term correction you are referring to is long overdue. If you look at a 100 year DJIA chart, how much of a correction do you think we would have then?</strong></p><p></p><p>I see those situtations as a buying oportunity. </p><p></p><p><strong>You are a buy on the dips kind of guy which is what the street wants you to do so they can unload. Just remember, you are buying an intangible. If it gets good and cold, the paper may keep you warm for about 5 seconds, if it is thick. </strong></p><p></p><p>I feel a farmer has the gut to handle the ups and downs of the market. </p><p></p><p><strong>Streeters will be farmers when the depression hits. They will be using their $1,000 discounted suits to eat.</strong></p><p></p><p>As long as you have a long term view of things you should be fine. Diversification and Risk tolerence is important.</p><p></p><p><strong>Sounds to me you have a short term view. I don't like diversification.</strong></p><p></p><p>I look at a farmer. He buys a heifer....calves it...feeds it...sells the offspring. That takes Patience and Risk tolerence. Until the last few years we have had to survive of a flat market. While all our imput costs have risen. Productivity and Efficiency has been our savior.</p><p></p><p><strong>When the depression hits, farmers will be heroes and the feds know this. That is why they are willing to loan $200K at low rates to people that don't know know to farm. It doesn't take patience. It takes assets and the feds are willing to let farmers increase their assets in return for not having income.</strong></p><p></p><p>I guess my point to all this is if your not...I would suggest you look at investing a bit in the market. </p><p></p><p><strong>Buy at the top? Are you kidding? I am in cash which has been gaining laterly versus other currencies. Makes about 5 points a years plus currency spread / number of days held.</strong></p><p></p><p>If you look at your R.O.I.(return on investment) long term it is comparable to hogs, cattle, grain. <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite1" alt=":)" title="Smile :)" loading="lazy" data-shortname=":)" /></p><p></p><p><strong>No it isn't. How many companies do you know that issued stock survived longer than 50 years? How about 75 years?</strong></p></blockquote><p></p>
[QUOTE="HerefordSire, post: 391195, member: 4437"] I think depression is a bit of a stretch. [b]That is what many people said in 1929. Then when the depression hit there were millions of Americans in the food lines. The people that had debt and could not pay their debts lost everything they had.[/b] I think we are due for a correction. [b]There is no doubt about that. At the same time, the market could pop another 10% upward. If a market can go down 75% like the Nasdaq and the Nikkei, then the markets can surely go up another 10%.[/b] I don't think a 10% correction would be out of line. [b]The short term correction you are referring to is long overdue. If you look at a 100 year DJIA chart, how much of a correction do you think we would have then?[/b] I see those situtations as a buying oportunity. [b]You are a buy on the dips kind of guy which is what the street wants you to do so they can unload. Just remember, you are buying an intangible. If it gets good and cold, the paper may keep you warm for about 5 seconds, if it is thick. [/b] I feel a farmer has the gut to handle the ups and downs of the market. [b]Streeters will be farmers when the depression hits. They will be using their $1,000 discounted suits to eat.[/b] As long as you have a long term view of things you should be fine. Diversification and Risk tolerence is important. [b]Sounds to me you have a short term view. I don't like diversification.[/b] I look at a farmer. He buys a heifer....calves it...feeds it...sells the offspring. That takes Patience and Risk tolerence. Until the last few years we have had to survive of a flat market. While all our imput costs have risen. Productivity and Efficiency has been our savior. [b]When the depression hits, farmers will be heroes and the feds know this. That is why they are willing to loan $200K at low rates to people that don't know know to farm. It doesn't take patience. It takes assets and the feds are willing to let farmers increase their assets in return for not having income.[/b] I guess my point to all this is if your not...I would suggest you look at investing a bit in the market. [b]Buy at the top? Are you kidding? I am in cash which has been gaining laterly versus other currencies. Makes about 5 points a years plus currency spread / number of days held.[/b] If you look at your R.O.I.(return on investment) long term it is comparable to hogs, cattle, grain. :) [b]No it isn't. How many companies do you know that issued stock survived longer than 50 years? How about 75 years?[/b] [/QUOTE]
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