Quote Originally Posted by drunk View Post
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I used to think I was knowledgeable about the market
I'm not ashamed to say - I don't think that anymore - I don't think I know much of anything
recession with 10% unemployment and the market goes way up - I don't get it at all

before John Bogle died I read a story that he was very upset because so much of Vanguard had become about speculation - which was the opposite of what he was about

it seems like the current generation - the movers and shakers - are all about speculation - not about long term investing
I haven't sold - I'm still hanging tough - but I haven't got a clue
The last two days have been fairly brutal. Not correction sort of dip but sizeable. What bothers me in this "new market" is that when a stock beats expectations and revenues/profits are higher than expected, it's almost the reverse of history. Instead of price going UP; it's been going DOWN in the short run. This is VERY frustrating.

And then Gamestock gains another 100% in one day trading, so if that isn't speculative/gambling, what is? LOL