>>11
Most of this is true, BUT only if you have the capital to reinvest without hurting yourself financially.

This cannot be said of the average private investor, and as recent events have uncovered, some very powerful finacial powerhouses too.

And as for the 401k, it is commonly (foolishly, erroneously) treated as a nest egg in practice, counted before it hatches, relied upon, in other words, gambled upon. It is a sham from start to finish, of course, a promise to pay on a promise to pay, bizarre to say the least, but it seems to get the peons up out of bed in the morning, so can't be all bad.

So, yes, thanks, we know, that wasn't what we were talking about. It has shared elements, but a crucial caveat that is very important indeed, a caveat that is at the heart of the shitstorm.