@Justin Kurpius
I never said "this is nothing" or buy the dip. My advise which you may not understand is: wait until credit spreads run their course like 2008 and watch the price of copper. Wait until the corporate financial catastrophes compete with the CV headlines. I got out of everything on Jan 14th. I don't mean to brag since i have enough of my own failures. I realized the market went up quietly on bad news and articles reflected greed more than fear. I know where i want to buy and we are not there yet in price or volume.
I bought real estate with the business model that included being able to survive more than 1 business cycle. Finally, we will have a necessary recession. If we avoid recessions we end up with a depression. The american household is the strong pillar in our economy. Times will be tough, time to trim the fat. If you trade the markets you know life punishes the unprepared, the lazy, the greedy. It is never too late to repent of those destructive sins and live.
My bids are lower. I will walk and miss a deal rather than grab that tempting apple. I will select renters in good jobs that are less cyclical and consumer or luxury based. My mortgages are partially floating rates and helocs to reduce cost of leverage. Interest rates will remain low because governments can manipulate short term rates and can't afford them going higher.
I learned from my own mistakes and others advice based on their mistakes and successes.
