you are right about that. I graduated college in 2003. The only downturn I experienced was a bad job market for grads in 2003 (unemployment was above 6%)
Quote:
Originally Posted by gekko
3.5% is the historical mean which includes the post 1997 boom according to Yale Professor Robert Shiller in his book "Irrational Exuberance".
http://www.amazon.com/Irrational-Exu.../dp/0691050627
depression? no - where are you pulling this out of? What's your source? sounds like conjecture to me or an attempt to justify your purchase in that "it can never happen". depression is a little over-dramatic.
recession? perhaps - but it won't be the first nor the last if it happens. this is simply a market cycle. your problem (along with a lot of newbies) is that you are too young and youve never seen a down market cycle - but you will. |