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Re: stocks in meltdown mode
Quote:
Originally Posted by Chief X_Phackter
Since 1950, the S&P has seen an average annual max drawdown of 14%, and still managed to generate positive returns in 32 of 42 years that saw intra-year drops of 14%.
If your long...it is a blip...
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Yup. If you're a Day trader and try to make it in a day you're screwed but then they should already know that.
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....DISCLAIMER: All of my posts/threads are my expressed typed opinion and the reader is not to assume these comments are absolute fact, law, or truth unless otherwise stated in said post/thread.
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