Post #2035 by OrmontUS on the Macroeconomic Trends and Risks board

Personal Finance Topics / Macroeconomic Trends and Risks

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The psychological blow of a sudden drop is not to be underestimated. The pain is generally thought to be twice the value the euphoria that one feels when winning - and when someone is not prepared to deal with that pain, they do stupid stuff.

I am currently trying to convince myself to bail more water out of the boat - and what goes will likely be US market stuff (and I'll just have to bite the bullet and help support the government. If Buffet can afford to hold cash, so can I.

Jeff

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