Comments on: Must Read: In The Summer of 2010 http://20smoney.com/2010/06/13/must-read-in-the-summer-of-2010/ Aggressive Yet Responsible Wealth Building For 20-Somethings Mon, 17 Jun 2013 13:19:29 +0000 hourly 1 http://wordpress.org/?v=3.5.1 By: 20smoney http://20smoney.com/2010/06/13/must-read-in-the-summer-of-2010/comment-page-1/#comment-6000 20smoney Mon, 14 Jun 2010 22:21:20 +0000 http://20smoney.com/?p=2328#comment-6000 I actually shorted the market in 2007 which was when I'd say "my eyes were opened" – The Dow was a lil over 13k and went on to rise above 14k. Since it was early in my trading, I basically got psyched out of my position and therefore lost money. My call was right, my timing was a little early, and my conviction was weak due to being pretty new in the game. I basically saw an economy overloaded with debt and totally maxed out in terms of consumer credit (people used houses as ATMs and basically hit a high in terms of how wealthy they felt and how much they were spending) I knew it had to go lower. Again my timing was a little off but overall i was correct. The same issues I saw then haven't really been addressed. Just a bunch of stimulus and printing.

As for the dot.com bubble, i was in college back then, and was focused more on recreational activities :)

As I always say, I think the macro picture is going to play out terribly over the years, but with that said, there will be plenty of opportunities available for people who are smart, know where to look and who will work for them.

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