“Irrational Exuberance Is Real. Acting Together As a Society We Can Rein It In. Not One of Us Has the Power to Do That Acting Alone. This Is a Group Project.”

Set forth below is the text of a comment that I recently posted to the discussion thread for another blog entry at this site:

Millions of portfolios show that you are wrong.

Today they do.

And the entire history of the market shows that today’s CAPE value needs to be taken into consideration to know what those portfolios will show tomorrow.

Irrational exuberance is real. Acting together as a society we can rein it in. Not one of us has the power to do that acting alone. This is a group project. This is why we need to feel free to talk about what the research shows, Learning the realities of stock investing is empowering.

Rob