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rsmlp · 02-11-2018, 08:01 AM

Been in the financial services industry for 35 years. Professional money manager and retired at 45. PEOPLE, the stock market pulled back 10% from peak to trough-so far. Are you joking me? AT ANY POINT, the market could pull back 20% and it would be NORMAL. What isn't NORMAL is the relentless move up in prices we've witnessed since '11 when we had a 20% "drawdown".
I have no idea what the stock market will do this year and if anyone says they do they're either lying or worse, too stupid to know that they don't know. I DO have a better idea of where stocks will be trading in 10 years and a MUCH better idea of where they'll be trading in 20 years (significantly higher).
You're either in or out. Do NOT try and guess at the vagaries of the market. It is a fools game.

02-11-2018, 08:01 AM	#48
rsmlp Senior Member Join Date: May 2005 Posts: 462 Thanks: 5 Thanked 160 Times in 81 Posts	markets Been in the financial services industry for 35 years. Professional money manager and retired at 45. PEOPLE, the stock market pulled back 10% from peak to trough-so far. Are you joking me? AT ANY POINT, the market could pull back 20% and it would be NORMAL. What isn't NORMAL is the relentless move up in prices we've witnessed since '11 when we had a 20% "drawdown". I have no idea what the stock market will do this year and if anyone says they do they're either lying or worse, too stupid to know that they don't know. I DO have a better idea of where stocks will be trading in 10 years and a MUCH better idea of where they'll be trading in 20 years (significantly higher). You're either in or out. Do NOT try and guess at the vagaries of the market. It is a fools game.