Larry House

Despite Big Fast Panic, It's Still a Normal Bear

Roger, I am glad you don't let the market action get in the way of your opinion. Roger, I will accept your view that this is just a normal bear market, and I will get my arms around it (whatever that means) if you will point out to me ANY bear market from the past 80 years that was caused by the same forces that have caused this one. Doggone it, Roger, we are in UNIQUE times. And your advice to just embrace it and be oblivious to all that is happening is dangerous advice and may get an investor's head handed to him. I respect all opinions about investments because no one (not even I) can be sure of being correct. But I think it is too soon to call this bear market anything but potentially the biggest badest bear most investors have ever seen. Anyone who thinks he or she has this market all figured out, and that it fits in some simple mould, is taking a horrific chance.

If I sound like a doom and gloomer, forgive me. I hold some stock funds (15%); precious metals (15%); short-term bonds (70%). I have placed my bets (that is about what the market is right now, a gamble), and time will prove me wise or foolish.

I urge all investors to think for yourself. Decide on your level of risk and time frame, which is so important in one's attitude toward this market, and invest accordingly.

Where do you invest personally, Roger? What is your asset allocation in these times?

Thanks, Roger. As I have said before, I always read your posts and find them a good sounding board. Keep up the good fight.