Hi Malcolm,
I'm glad to hear that food and energy are not that important. The prices that really matter are those, I take it, of perfume and popular music CDs. And the loss of jobs is illusory, temporary, about to reverse, etc. After all the economy is gathering strength. The 38 billion balance of payment deficit per month is small enough to be neglected.
Ah, you're finally getting with the program... <vbg>
Actually, I didn't write the article. I just posted it for commentary sakes.
A few posts back, someone posted that s/he couldn't find any value stocks at all, and the others were overvalued (or over-bought, something like that). I'd have to concur with that sentiment. There's darn little available out there in the way of equities that seems like a bargain price. However, the alternatives (money markets, passbook savings, bonds, real estate, etcetera) look like worse returns, and some even have higher risks than stocks. Stuffing the old mattress with some Aztec currency might be the way to go. Who really knows for sure?
KJC |
