Quote:
Originally Posted by albionmoonlight
There's big money to be made right now, but I think that it's in the same way that there's big money to be made at a craps table.
I haven't even looked at our 401(k)s because i don't want to be tempted to do anything.
I know enough to know I can't beat the market in normal times. Now? I'd lose my shirt three times over.
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It will be interesting to see what happens when we work our way out of this pandemic, which isn't going to happen anytime soon.
With that being said, I don't think the comparisons some are making to 2008 are necessarily applicable. The recent market crash is the result of a self-imposed shutdown of the economy. In 2008, the very core of our economy came crashing down like a house of cards with the collapse of the housing market and financial institutions.