Quote:
Originally Posted by mayabong
I'm all for a crash actually, it doesn't always have to be looked at in a negative way.
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In a way a person could argue that the market has been overinflated for years and has needed to come back to reality for a long time. There was a time when the market as a whole would go up only a few points per year. It took the dow almost 70 years to go from 50 to 1000 points. Then from 1968-1980ish it hovered in the area of 1000. All of a sudden between 1980 and 2006 it rocketed up to 14,000.
During that same time housing costs skyrocketed and the cost of many other things went up, but average wages barely moved. We are currently living during the first time in our countries history where the average wage earner can't afford to buy the average house because the average house is too expensive.
Maybe a huge correction wouldn't be so bad in the long run.