It is worth noting that I am NOT buying U.S. Treasuries at the moment. I’m buying stocks. Right now, if the government wants my money, they’ll need to tax the companies I just gave it to or wait until they hire someone and tax their earnings. S&P’s assessment of U.S. credit is not wrong, but they have forfeited their right to have their opinion valued and embraced.
What I am saying is that I believe in me, and I believe in you and I believe in elbow grease, objectivity and history. Did you see the recession coming? Did it announce itself and tell you the date it would arrive? No, it did not. Nor will recovery. So quit whining. Pessimism is for losers.
I’ve lost money on stocks this year. No worries, it always bounces back at some point. I only buy high-risk stocks. I’m 24. I can be a little careless.
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