I bet you investment advisors out there are chimping out over this disruption in the status quo. You should embrace the change, even if you disagree with it. The only people who should loathe this change are those with $100 million + in the bank. Everyone else should be viewing this disruption as an opportunity to catch up.
When the markets crashed in 2008, now knowing what we know now, it was the greatest buying opportunity of a lifetime. Fortunes were made and lost. Back during the dot com era, solemnly watching our monitors remove our net worth from the marketplace, we viewed the disruption with animosity — a horrible reset that crushed our progress. If we’re lucky, we’ll get one more chance to make a great fortune in the markets and if that is going to happen, it sure as hell won’t happen from all-time highs — with AMZN fag-lording near $2,000 per share.
We need blood and carnage, and also more blood. Let the sellers sell and the buyers go away. After the cinders have smoldered long enough, we will step in and dust off the treasures and place them into our purses (no homo).
Admittedly, that was fantasy blogging. Nasdaq is down 20. Giant nothing-burgers abound. I have ~45% cash now — staying small for the balance of the summer — looking for deals.
DEVELOPING…
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Faglording is a great term