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Reply to "DOW futures down more than 1000 pts for Tues opening"
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[quote=Anonymous][quote=Anonymous]OMG, I have to get off this forum and back to bogleheads. The ignorance is spectacular. 1987? Sell and buy back high? [/quote] Problem is that we have a *ton* of Millennials and GenX here who have never seen a real bear market. Basically stocks took off in the 80s, and had a few very serious drops and corrections followed almost immediately by a blazing fast recovery (usually thanks to extraordinary measures taken by Fed or TARP or such). Look at the trough of Mar 2009 -- within 1 year market had already recovered to the booming market values of 2005 -- every recovery has been 'V' shaped. If we ever hit a 'L' shaped true bear market, this will be a new experience for two generations of investors, and despair will reign.[/quote]
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