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/biz/ - Business & Finance

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1211837 No.1211837 [Reply] [Original]

Why didn't they buy the dip?

>> No.1211844

>>1211837
this is actually a great meme

>> No.1211849
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1211849

>>1211844
>meme

>> No.1212481

>>1211837
some did, their families are known as billionaires in todays world. The rest panicked with the rest of their sheep and their grand children are still wage slaves/

>> No.1212497
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1212497

>>1211837
>Why didn't they buy the dip?
Your point ol'sport being?

>> No.1212500

Because defualts didn't stop for a year and they somewhat went on for 3 years.

Regardless every peasant bought in during ww2 anyway

>> No.1212575

>>1211837
Buying the dip (and holding) didn't work then because there was something of a free market. When intervention did occur, it was only for a short period of time which actually prolonged the corrective phase.

It wasn't until FDR came into office in 1933 and turned the stimulus spigot on and left it on that a recovery occurred. When the spigot was turned off in 1938, the market started correcting again until the U.S. entry into WWII in 1941.

>> No.1212587
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1212587

>>1211849
Actually, if your goal is financial independence the best investment you can make is home ownership. The largest expense you will have is a place to live.

>> No.1212589

>>1212481
This.

Always BUY THE DIP

>> No.1212761

>>1212589
If you bought the dip in 1929 you didn't get back to even until 1950's