The DJIA is down...
As this is written, the Dow is way down --- but is was down worse.
I am buying --- modestly --- because I believe that the secular trends of our Real Economy are up --- way up --- not down.
The Real Economy is the way a very savvy, very wise, quite wealthy man of my aquaintance, describes why smart people say "Never Sell America Short."
Graph: Long term trend of US markets going back to 1790 showing that --- mif you count in re-invested dividends the markets made money in any ten year period --- including the Depression.
I am buying --- modestly --- because I believe that the secular trends of our Real Economy are up --- way up --- not down.
The Real Economy is the way a very savvy, very wise, quite wealthy man of my aquaintance, describes why smart people say "Never Sell America Short."
Graph: Long term trend of US markets going back to 1790 showing that --- mif you count in re-invested dividends the markets made money in any ten year period --- including the Depression.
posted by Ben Wattenberg at 12:38 PM
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