Set forth below is the text of a comment that I recently posted to the discussion thread for another blog entry at this site:
Even if there is a crash, no one will believe your story about buy and hold being the cause. In 2008/2009, it was blamed on the real estate bubble and bad debt bubble. During the past few weeks, we have seen a number of drops and we see it is blamed on China as well as the oil glut. Crashes/drops always get blamed on some kind of economic event. As such, nothing will ever change for you and there will not be any pot of gold at the end of the rainbow. Sorry, but the $500 million you seek just isn’t going to happen.
You are right about the history, Anonymous. I don’t say otherwise.
But I remain optimistic. Perhaps I will be proven wrong. I acknowledge that this could happen. I sure don’t want to see it happen. But I have been known to get them wrong from time to time. We’re just going to have to wait to see how it all plays out.
Is there any reason on your end why we cannot be friends while we wait it out together? That would certainly be my preference.