I’ve posted Entry #314 to my weekly Valuation-Informed Indexing column at the Value Walk site. It’s called It’s Not Just Prices That Crash, It’s Also Confidence in Our Political and Economic Institutions.
Juicy Excerpt: When I see Bernie Sanders far exceeding expectations in his challenge to Hillary Clinton for the Democratic nomination for President, I think to myself “this is the insane bull market of the late 1990s coming to roost.” When I see Donald Trump winning the Republican nomination, I think to myself “this is what comes from a string of years in which we all pretended that out portfolios could increase by 15 percent or 20 percent or 25 percent.”
Fake stock gains produce political instability. That’s one of many reasons why I oppose fake stock gains. Everyone would agree if it were not for the non-integrated way in which we think about investing, economic and political issues.
Anonymous says
The sky is falling, the sky is falling!!!!!!!!!!!!!!!!!!!!
Rob says
How many times have we heard Buy-and-Holders yelling that “Stocks are doing great!” when all that was happening is that people were falling for a Get Rich Quick con? If you don’t like yelling on the way down, you shouldn’t participate in yelling on the way up.
Once you Goons have been placed in prison cells and honest posting on the peer-reviewed research is permitted, we won’t have to worry about any more bull markets. Which means we won’t have to worry about any more bear markets or any more economic crises. Until we get there, I think it would be fair to say that the millions of middle-class investors whose lives are in the process of being destroyed have a right to know about it.
We can permit honest posting on the peer-reviewed research or we can get buried in Get Rich Quick garbage. The emotionalism is caused by Buy-and-Hold. Don’t blame those of us who advocate research-based strategies for the sick emotional stuff that you Buy-and-Holders bring on.
My sincere take.
Rob
Anonymous says
Buy, hold and rebalance people buy when stocks are going up and when they are going down.
Rob says
Exactly.
Buy-and-Holders don’t exercise price discipline when buying stocks.
Huh?
What the f?
Rob