Set forth below is the text of a comment that I recently posted to the discussion thread for another blog entry at this site:
“Stocks are extremely risky today. The CAPE value is just a notch below the level that brought on the Great Depression.”
You want other people, who currently own stocks, to sell you stocks at a price much lower than the current market price.
Those other people feel no desire to sell those stocks to you.
No matter how many articles you write that is unlikely to change.
You don’t seem to realize that if your cheap non volatile stocks ever did appear, the market would react by pouncing on those amazing investments and hence driving the price up.
The world you want to exist simply can’t happen.
If it did happen, you would be outbid by other investors eager to snap up those amazing bargains.
We disagree.
It’s in the interest of every investor for stocks to be priced properly. Every investor would work to see that that happened if only he were properly informed. The only thing missing today is that we need to open every site to honest posting re the peer-reviewed research for us all to become properly informed.
There was a time when the Buy-and-Holders argued that investors should look to the peer-reviewed research for guidance on how to invest. I think they got it right the first time!
Rob
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