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Originally posted by: billryan
Donde starts a thread about being afraid for the economy and our resident milled reads it as I think the sky is falling.
Poor old DonDiego was addressing the investment markets as opposed to the overall economy. Compared to historic norms the stock market is overvalued. [That's the comment poor old DonDiego refrained from making in the original post.] DonDiego is not so much afraid for the economy, as he is concerned that a dip is likely. Compared to historic norms the stock market is overvalued. He is just trying to be helpful.
As far as DonDiego goes, he really pretty well situated to withstand any normal economic correction. Nonetheless, he's likely to begin selectively lightening his portfolio a mite in anticipation of an economic decline.
If a "sky-is-falling" economic collapse were to arrive, teechur and poor old DonDiego are relatively safe personally, . . . provisioned to survive a few weeks and not real close to a major metropolis. If'n the collapse were to commence in Summer, they'd even have lots of fresh vegetables. And they's located in a reasonably defensive position up heh' on the ridge.
A retreat in New Zealand would be better, but Appalachia should be good enough.
DonDiego sure hopes the Tee-Vee up heh' keeps a'playin', so's he can watch the urban carnage from afar.