Ok- I don’t know who needs to hear this- so I’ll just lay it out.
I had a de-ja-vu today. My wife said the exact same sentence I heard once before.
In 1987, I was a young - just back from the Army 22 year old in College, in October. I had been dabbling in the stock market, and mutual funds, for a couple of years. But not much.
Walking down the hall at college, in September of 1987, I overheard the two guys walking in front of me. One said to the other “look, you can’t go wrong. The stock market just goes up, and up. Cash out your college loan money, and buy stocks, and we’ll have enough by the end of the Semester in profit, that we will be good all next term!”
That was just about a week before the 1987 stock market crash.
Today, sitting down, my wife just said to me, almost those exact same words. After another sit-high day today, she said the phrase “we just can’t go wrong. Everything keeps climbing straight up. “
So I am seriously thinking about backing a LOT out of stocks.
Call me chicken, I don’t care. That’s a de ja vu that hit me square, so I’m gonna move something tomorrow. Thinking now what it will be, but I’m thinking moving at least half to G tomorrow.
Have a great Thanksgiving. I’m flying to Tucson to enjoy some warmer weather. The first snowfall is due in Michigan tonight.
Zoomyo today-
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