goalposts

Making and Protecting Money in a Bear Market

Roger, you and gretsch seem to think this is just another v-bottomed bear market - at some point a buying opportunity, just a matter of time till the market is back, higher than ever. So just lighten up your portfolio a litte bit so when the market inevitably goes back up, you'll recover your losses quickly and then it's onward and upward to bigger and better things! Or... could this be like the NASDAQ, only 50% of what it was 8 years ago, not to mention the NIKKEI 20 years after it's peak. There's no rule that says a market has to ever recover. Maybe this is not a good time to be a long-term buy-and-hold investor; anyone old enough to have any money may not have enough time left to ride this out...