Ah Josef,
the voice of reason once again.
Reading Bill's posts, and the exchange, was like listening to fingernails against a chalkboard.
<<<So has the whole bear theory now, for years. Meanwhile the rest of the long investing universe is making one record after another. Yeah, but the small caps haven't, and the broad market isn't, and house of cards, and tulips, and yadda yadda yadda, but longs are making money hand over fist.>>>
Yes, but the smart investor listens to all arguments, and makes their own best decision. Following the bears blindly for the past 5 years, and you have missed the biggest bull market in history. Otherside of the coin, listen to the bulls blindly, and you may end up following the herd off the proverbial cliff someday.
word to the wise: "diversify, diversify, diversify"
the chart at the top of this link seems ominous,
cpcug.org
are we really in new territory, with broad new valuations, PEs, etc, or are we on the edge of a cliff?
history repeats. |
