What a short squeeze...

[heidegger]

Quote from stock_trad3r:

I've been hearing that argument for the past year and still the market marchers higher and my stocks keep going higher and I keep making more money.

But the odds of this REALLY REALLY BIG event are very small. The us and global economy is too robust for anything to affect it easily. Not like in the 80's and 70's. And valuations are inline. There are no bubbles like in 2000. Nor is there excessive inflation like there was in 2000 or in the 70's. Fed lowering rates, growth stable.

And there is much more money to be made going long than trying to wait out for the BIG event that may never come.

I am very certain that there will be no more bear markets or 87' type crashes due to economic and financial perpetualism so I have almost nothing to worry about.

Well.. as I said, you have to stay with a winning strategy until it fails. I tend to agree with what you say except for your last sentence. We've had many different economies based on many different principles and we've always had crashes; there will be crashes in the future. "I have almost nothing to worry about." is a dangerous approach given that you have no way of knowing all the factors in play in the market. But again I say, in the meantime you're justified in sticking with a winning method.