You seem to have some bizarre view of the world where stock prices are divorced from economic performance or in fact, stock prices drive economic performance.
Stock prices have been driving economic performance for 140 years, Laugh.
There is 32 years of peer-reviewed academic research showing this to be so.
If you educated yourself on these matters, you wouldn’t find the research-based findings to be “bizarre.”
That’s ignorance and arrogance and wounded pride talking.
If you felt confidence in the strategies you follow, you would feel no need to speak in this manner.
In the short term this may be driven by ‘emotions’ but no one (with the exception of an unemployed guy in nowhereville VA) contends that long term stock returns are a product of ‘emotionalism’.
That explains why Wade Pfau, who makes his living doing investment research and who holds a Ph.D. in Economics from Princeton, made the comments quoted (and linked to) at the bottom of this article:
It also explains why you Goons were so afraid of what would happen when millions of middle-class investors learned of the peer-reviewed academic research that I co-authored with Wade that you threatened to send defamatory e-mails to his employer in an effort to get him fired from his job.
It also explains why people like Jack Bogle and Bill Bernstein and Scott Burns and Larry Swedroe and Rick Ferri did nothing when they learned of your tactics. These people are all shooting straight with us. They have not permitted financial considerations to influence their public statements about what the peer-reviewed academic research of the past 32 years really says.
That all makes perfect sense, Laugh.