Do you ever secretly hope for another economic crash so you have the opportunity to buy stocks, real estate, and/or other assets for bargain prices?
I lost my 401k in the last recession. Please not another
A crash? No! The amount of financial devastation that there would be would be awful and the thought of it happening just so I could make a profit would make me sick.
Yes. Not too harsh a fall , but yes. It's always better to buy low. Buying at its lowest, even better. Even the price of gold would skyrocket.
Do you ever worry about the harm that will do to real people?
I agree with Skinner with regard to a crash, but market corrections are both to-be-expected and very necessary. I would like to see a small adjustment if only to tame some potential bubbles. We are now in the second longest bull market since WWII so we are overdue for a correction. I would rather have a small dip now, than a big crash later.