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#11
06-30-2010, 11:40 PM
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Quote:
We're so used to the market always coming back that some people assume that every correction is a buying oppurtunity. That's not always the case. Look at the Japanese market. It was over 40,000 back in around 1989. Here we are 21 years later and what's their market at now? I haven't checked it lately but I think it's around 10,000. The same can be said about our real estate market. We hit a high a few years ago that we may never see again in our lifetime. If we do, it will probably be in 40 years from now. Anyway, I've had money in the stock market practically my whole life and I am totally out of the market right now. I think there is very little upside (5-10%) but there is huge downside (50-60% or possibly more). P.S. It's not "Pumpkin". It's "Pupkin". He was the main character in the movie "The King of Comedy". 
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