Quote from gnome:
I would have done much better if I would have believed in the Fed's money-pump support of the markets and been balls-to-the-walls leveraged and long. That was a relatively new development versus my prior experience, and I never gave it proper respect.
However, that's just "the most recent phase"... someday it will be different and the high-risk long players will likely get slaughtered.... like the the tech players did in 2000-2003. (I know of a couple of stories where investors lost virtually everything "buying the dip and riding it out" that time.)
I completely relate, and the day can't come soon enough
