re: Being "recession proof"

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did you have inside Intel from the central banking gestapo?

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That was it. Definitely was it. Definitely. (In my best Rain Main voice.... )

Nah, everything just appeared to me to be too "blowing and going." People were buying houses, not for shelter, but to hold onto and sell in a short time. There was even a TV series called "Flip This House" or something like that which made it appear to be easy money to buy a house, put a coat of paint on it and sell it for big profits.

Banks were making 105% loan-to-value mortgage loans along with interest only loans...just speculating that home values would continue to go up as the means of repayment for the loan. That was pure craziness.

I knew something had to give. I just didn't know when.

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And if you wouldn't have cashed out would those stocks have rebounded if you simply rode them through the recession?

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Yes. They were back to my cash out price within 2 years after 2009. As it was, I was able to sell, lock in some gains and then buy them back at about half price in March, 2009.