Oct 06 2008
Down 800 points at one time today!
The roller coaster! Traveling around the world! Buying low! Jumping out an airplane! Love! Who has had the opportunity and later regretted not taking a chance on it?
Know this, that history tells us that there will always be at least a second opportunity, at whatever it may be, that you perceived to be a once in a lifetime chance. I believe this with my whole heart!
You just need to realize it and take advantage of it when it does appear again. Oh, it also takes balls of steel, the same balls that were necessary the first go round—and for one reason or another you didn’t have them.
The Stock Market has been in free fall for the last two weeks. Reality says that there’s no rhyme or reason—its the fear, the stress, THE PANIC, that’s moving this crazy train. Sure the credit fiasco is to blame, but we have been saved by the Government! The Government put in place something to prevent this disaster right? We went down 500 points one day because the bailout wasn’t approved and up 400 the next day when nothing was being done. Friday, after the Bailout was signed down we go 300 plus and today an additional 800 at one time, but finished ONLY down another 370.
We are in some major uncertain times. And it is scary! People are losing everything they’ve saved in a lifetime. People that are running out of time on their life! How will they recover? Will the government bail them out? Do we want the that to be what the government does? Who will pay for it all—YOU and ME, who always pay!
Well, the Market hasn’t seen prices this low in years! And it can still go SIGNIFICANTLY lower… There are no guarantees! We can all be out of work! We can all lose our homes and not have anything to eat! The price of oil is going lower on the expectation that we won’t be going anywhere or doing anything. The price of oil should never be this high in the first place. But it is—Reality!
I missed an opportunity to buy my grandmothers house for a bargain and home prices went through the roof, now they’re sinking like a rock—nobody can borrow money to buy it anyway! Who knows what calamity will happen next?
I missed an opportunity to buy into the market after the tech bubble burst! (I did lose my SHIRT in the bursting bubble—little shell-shocked!) Who knew what calamity would happen next? If I only did…
I missed an opportunity to buy into the market after 9/11! Who knew what calamity would happen next? If I only did…
I missed an opportunity to backpack through Europe after college. The war had just broken out, who knew what calamity would happen next? I had an opportunity, people warned against it, but I took the chance. I took it! Amazing!
I missed an opportunity to jump out of a plane when I was 30. Guess I’ll never be 30 again. But I made an opportunity when my brother turned 30 and took the chance. I took it! Amazing!
There’s an opportunity to buy into this current disaster—Who knows what calamity will happen next? What will you do? What will you be saying 5 years from now?
—iChef PSA
