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In Reply to: Dow, S&P at new 5-year highs. posted by Enophile on February 19, 2013 at 09:19:23:
And I never attribute short term swings to anything except mass emotion.
Although it feels good to look and see a larger number, although Barron's did a cover story a few weeks ago saying the stock market has a lot of upward potential, I know that 20% could be gone in a blink of an eye, and the end-of-the-world types can get all gleeful again as they were in 2008.
A friend of mine, big Ron Paul fan, bought the whole currency collapse scenario and invested in a triple negative index ETF (index down 1%, ETF should go up 3%). This was about 2000 Dow points ago. I don't rub it in. His story is anyway, the collapse is coming, any day now, his timing was just a tiny bit off.
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- stocks go up and they go down... - tunenut 02/19/1311:56:26 02/19/13 (0)
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