What are you doing with your 401K?

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ochotona
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Re: What are you doing with your 401K?

Post by ochotona » Fri Mar 27, 2020 11:24 am

Below 20 is good. But if VIX is high, and the market takes a -50% haircut, by all means start buying, with knowledge that another -50% move is still possible. Be very patient. We are just beginning perhaps.

=======================================================

London, November 10, 1942

I notice, my Lord Mayor, by your speech you have reached the conclusion that news from the various fronts has been somewhat better lately.

In our wars, episodes are largely adverse but the final result has hitherto been satisfactory. Eddies swirl around us, but the tide bears us forward on its broad, restless flood.

In the last war we were uphill almost to the end. We met with continual disappointments and with disasters far more bloody than anything we have experienced so far in this. But in the end all oppositions fell together and our foes submitted themselves to our will.

We have not so far in this war taken as many German prisoners as they have taken British, but these German prisoners will, no doubt, come in in droves at the end, just as they did last time.

I have never promised anything but blood, tears, toil and sweat. Now, however, we have a new experience. We have victory-a remarkable and definite victory. The bright gleam has caught the helmets of our soldiers and warmed and cheered all our hearts.

The late M. Venizelos observed that in all her wars England-he should have said Britain, of course-always won one battle, the last. It would seem to have begun rather earlier this time.

General Alexander, with his brilliant comrade and lieutenant, General Montgomery, has made a glorious and decisive victory in what I think should be called the Battle of Egypt. Rommel's army has been defeated. It has been routed. It has been very largely destroyed as a fighting force.

This battle was not fought for the sake of gaining positions or so many square miles of desert territory. General Alexander and General Montgomery fought it with one single idea-to destroy the armed forces of the enemy and to destroy them at a place where the disaster would be most punishable and irrevocable.

All the various elements in our lines of battle played their part. Indian troops, Fighting French, Greeks, representatives of Czechoslovakia and others. Americans rendered powerful and invaluable service in the air. But as it happened, as the course of battle turned, it has been fought throughout almost entirely by men of British blood and from the dominions on the one side and by Germans on the other. The Italians were left to perish in the waterless desert. But the fighting between the British and Germans was intense and fierce in the extreme.

It was a deadly battle. The Germans have been outmatched and outfought with every kind of weapon with which they had beaten down so many small peoples and, also, larger, unprepared peoples. They have been beaten by many of the technical apparatus on which they counted to gain domination of the world. Especially is this true in the air, as of tanks and of artillery, which has come back into its own. The Germans have received that measure of fire and steel which they have so often meted out to others.

Now, this is not the end. It is not even the beginning to the end. But it is, perhaps, the end of the beginning.
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vnatale
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Re: What are you doing with your 401K?

Post by vnatale » Fri Mar 27, 2020 11:32 am

ochotona wrote:
Fri Mar 27, 2020 11:24 am
Below 20 is good. But if VIX is high, and the market takes a -50% haircut, by all means start buying, with knowledge that another -50% move is still possible. Be very patient. We are just beginning perhaps.

=======================================================

London, November 10, 1942

I notice, my Lord Mayor, by your speech you have reached the conclusion that news from the various fronts has been somewhat better lately.

In our wars, episodes are largely adverse but the final result has hitherto been satisfactory. Eddies swirl around us, but the tide bears us forward on its broad, restless flood.

In the last war we were uphill almost to the end. We met with continual disappointments and with disasters far more bloody than anything we have experienced so far in this. But in the end all oppositions fell together and our foes submitted themselves to our will.

We have not so far in this war taken as many German prisoners as they have taken British, but these German prisoners will, no doubt, come in in droves at the end, just as they did last time.

I have never promised anything but blood, tears, toil and sweat. Now, however, we have a new experience. We have victory-a remarkable and definite victory. The bright gleam has caught the helmets of our soldiers and warmed and cheered all our hearts.

The late M. Venizelos observed that in all her wars England-he should have said Britain, of course-always won one battle, the last. It would seem to have begun rather earlier this time.

General Alexander, with his brilliant comrade and lieutenant, General Montgomery, has made a glorious and decisive victory in what I think should be called the Battle of Egypt. Rommel's army has been defeated. It has been routed. It has been very largely destroyed as a fighting force.

This battle was not fought for the sake of gaining positions or so many square miles of desert territory. General Alexander and General Montgomery fought it with one single idea-to destroy the armed forces of the enemy and to destroy them at a place where the disaster would be most punishable and irrevocable.

All the various elements in our lines of battle played their part. Indian troops, Fighting French, Greeks, representatives of Czechoslovakia and others. Americans rendered powerful and invaluable service in the air. But as it happened, as the course of battle turned, it has been fought throughout almost entirely by men of British blood and from the dominions on the one side and by Germans on the other. The Italians were left to perish in the waterless desert. But the fighting between the British and Germans was intense and fierce in the extreme.

It was a deadly battle. The Germans have been outmatched and outfought with every kind of weapon with which they had beaten down so many small peoples and, also, larger, unprepared peoples. They have been beaten by many of the technical apparatus on which they counted to gain domination of the world. Especially is this true in the air, as of tanks and of artillery, which has come back into its own. The Germans have received that measure of fire and steel which they have so often meted out to others.

Now, this is not the end. It is not even the beginning to the end. But it is, perhaps, the end of the beginning.
And, then the English people got rid of Churchill shortly after World War II? He used to spend enormous sums of money on his daily alcohol consumption.

Vinny
Above provided by: Vinny, who always says: "I only regret that I have but one lap to give to my cats." AND "I'm a more-is-more person."
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