i’m not about to liquidate my accounts just to stick it to the man.
I didn’t say you should. I am saying that under the current model, investors, including individuals whose retirement accounts are tied to the stock market, need to accept and allow for periodic market corrections, otherwise asset bubbles will form, making much more severe crashes inevitable. The problem is, investors don’t plan for or are willing to accept periodic corrections, they will only accept their accounts going up, at an increasing rate, forever. Needless to say, that is impossible.
I didn’t say you should. I am saying that under the current model, investors, including individuals whose retirement accounts are tied to the stock market, need to accept and allow for periodic market corrections, otherwise asset bubbles will form, making much more severe crashes inevitable. The problem is, investors don’t plan for or are willing to accept periodic corrections, they will only accept their accounts going up, at an increasing rate, forever. Needless to say, that is impossible.