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Originally Posted by GPK
Im no financial expert either..but this is what I was thinking too. Since I'm 35, it will be a while before I retire. For the first 8 months of this year, I was dumping 20% into my 401K. I dropped it back to 10% in August...but now I'm thinking of jacking it up back up to 20 maybe even 25%.
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Okay. I hear you. Do you realize that if you did this a week ago you would probably looking at about a 25% loss right now? And everyone was calling it a bottom THEN.
For there to be a bottom, you need capitulation. You need to scrape the abyss and there needs to be some type of resolution to get us out of there.
You are a good guy GPK. I dont know you but i can tell you are. Believe me when I tell you that there are more dominoes to fall.
Remember that this isnt a typical market. This is an unwinding of not only a speculative housing bubble but a 25 year credit bubble. Lots of parties that we are paying for.