RE:RE:RE:RE:RE:RE:RE:HERE IS THE AWNSER
I thought the handle 'EternalPonzi' was rather apt, considering the fact that the only thing that has kept the broader market moving upwards, especially during the last 12 years, is in fact Central Bank 'money printing'. The market as it is currently functioning is a classic Ponzi scheme. The unrestricted printing of any currency is a Ponzi scheme. The only people who escape are those adept enough to convert that currency into something of real value - whatever that might be. This is not to say that there are no suitable and worthy companies that are innovative and have potentially great products. I am of the opinion that the market will eventually pay a price and no amount of money printing will make the typical investor 'rich' enough to combat the accompanying spike in consumer prices. Venezuela is a classic example. Even the great USA will pay the price someday. Its not a matter of if, but when. It won't be sudden either but a slow insidious decline which we are arguably already in. BTW, as much as I hope any company does not go BK, remember this; Whether you buy $100,000 worth of stock and 10 cents per share thinking you got a much better deal than the person would bought $100,000 worth of that same stock at $1 both receive equal pain if the stock goes to zero. Many have learned that lesson the hard way.