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Please, not another summer of 1990

JunksterJunkster
edited August 2013 in Fund Discussions
Harry Browne once said "history is not a roadmap to the future. In fact, history is riddled more with surprise and change than repetition." I hope Harry is right because I wouldn't want to see a repeat of the summer of 1990 where Iraq invaded Kuwait. It was a sharp multi-month mini-bear market where the Dow lost around 21%. Then again, what came next was a truly spectacular 1991 for all the major averages.

How all this current war mongering in the Middle East plays out is anyone's guess. I'm off on a two month hiking vacation so good luck to all. After today, all I hold are two biotech stocks, LGND and NPSP.

Comments

  • SlowLane
    Louis Rukeyser (RIP) used to call people like me "bond ghouls" because we like bad news. In 1990, I was so happy to be in cash and see the markets tumbling. And the 1991-2 rally was one for the record books (until 2009 surpassed it).
  • Sven
    The Syria conflict will pass eventually. That is one reason that a well balanced portfolio is good to have in time like this.
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