Post by brosin on Oct 26, 2010 22:30:15 GMT -5
Answer: Yes 
This was days after Lehman, and I had been a bull throughout the summer of 2008 and solely an investor for what I thought was the long term since I started in the markets in 2001.
In email to a good friend / former professor (big time bear):
"What a few days though huh? Gold, Merrill, AIG, Lehman, Morgan Stanley, .... I just feel that if I continue to dollar cost average, I'll be in good shape in the future. I have the stomach for the risk and the short term declines... hell anyone still left in the market would've had to right... so I dunno. I'm long Oil, Nat Gas, Financials, starting to look at homebuilders, agriculture names, metals, mining... all of which have gotten obliterated lately. I'm sitting on about 25-30% losses right now with no thoughts of selling at these distressed levels. Am I setting myself up for failure here?"
.... I'll say.
I would sell everything for major losses the day Tarp passed in Congress 10/3/08 and go from being an investor to a trader...
This was days after Lehman, and I had been a bull throughout the summer of 2008 and solely an investor for what I thought was the long term since I started in the markets in 2001.
In email to a good friend / former professor (big time bear):
"What a few days though huh? Gold, Merrill, AIG, Lehman, Morgan Stanley, .... I just feel that if I continue to dollar cost average, I'll be in good shape in the future. I have the stomach for the risk and the short term declines... hell anyone still left in the market would've had to right... so I dunno. I'm long Oil, Nat Gas, Financials, starting to look at homebuilders, agriculture names, metals, mining... all of which have gotten obliterated lately. I'm sitting on about 25-30% losses right now with no thoughts of selling at these distressed levels. Am I setting myself up for failure here?"
.... I'll say.
I would sell everything for major losses the day Tarp passed in Congress 10/3/08 and go from being an investor to a trader...
