Dec the 8th 2008 was just a few months before the low but the Dow dropped another 25%/2,000 pts during those 3 months. What would have been really prescient would have been a post from Dec 2008, with the dow at 8500, predicting it would be over 25000 within 10 years.
Stocks are supposed to be risky arent they? a loss of 25% to quadruple your money with dividends sounds pretty good to me
It still took the Dow 8 years to double from 8500, to 17000. You would have taken 25% heat in just three months, but have to wait 8 years to make your first 100%.
I believe that one of the worst mistakes equities traders can make is to recognize the true nature of the equities market and attempt to trade accordingly. Said another way, successful trading requires that one deny the underlying truth. Investing, on the other hand requires a different mindset. This may explain why the transitions between trading and investing or vice versa can be so difficult.