Once again, the purveyors of fear make an appearance, trying to scare you into investing in stocks when stocks are again near historic highs and Shiller p/e multiples are near the top of the historical range, this time at Reuters, here.
Patience is a rule of investing, too, which requires you to stick to your reasons for investing, or not investing, in the first, second, and third place. It makes no sense to purchase investments which for good reasons seem to be overvalued, especially when based upon historically novel forms of valuation which remain in vogue despite the lessons of the great debt bull since Ronald Reagan.
Appeals to "fear" from people who are already "all-in" are therefore suspect, and should be. Nothing continues to feed a fake bull like ever more greater fools.
And don't forget that permabulls need you, too, like Larry Kudlow, who confessed on his radio show last Saturday:
"God knows I'm long. I'm long . . . I have no choice."
If it's a free country and a free market, why is there so much compulsion?
"God knows I'm long. I'm long . . . I have no choice."
If it's a free country and a free market, why is there so much compulsion?
