welcome to the slow crash

[rm]

I think this stock market thing will bottom out at DJIA 6,700 and then rebound into the DJIA 8-9,000 range soon there after.

Things to watch:
The collapse of the Australian dollar.
The collapse of the Icelandic banking system.
German real estate.

Comments

[rm.livejournal.com]

No, see that's okay, because it's a long-term investment. Don't look at it. Just don't look at it, and it will be fine.

[gement.livejournal.com]

Ah, good. That was the plan. My thought was, "If the entire economy somehow totally crashes, we'll all have bigger troubles, and if it doesn't, this might be a good time to put a good chunk toward my retirement." I'm definitely not thinking about fiddling with anything that I intend to pull out in the next ten years.

[sethg]

I'm definitely not thinking about fiddling with anything that I intend to pull out in the next ten years.

...which is a wise strategy no matter what the state of the economy is.