The only rational response to the financial markets is insanity.
by phil on Sunday Mar 8, 2009 11:18 PM
Just saw this flash up on Drudge Report: Recession on track to be the longest in postwar period.
Seriously, at this point, am I supposed to trust any of these guys' predictions? When things were already good, they were pumping things up. Now that things are already bad, they're telling everybody to run away.
You might as well be a contrarian to maximize your returns.
Hmm, to invest or not to invest? Clearly you can't think "well, things are so bad, I shouldn't invest." Who knows whether this is the bottom where you'll be regretting later, "man I should have gotten in then." Well if you want to play it safe, you could keep your money in cash. But then inflation will inevitably erode the value of that.