“Markets Don’t Work When Access to a Free Flow of Information Is Blocked”

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

The value of anything is based on how much someone is willing to pay you for something at that given time.    To say otherwise, would be untrue.  You have no knowledge of what anyone else owns in their portfolio, but you make broad sweeping statements as if you are an authority.   Unfortunately for you, your track record has taken away any credibility you think you might have.

Markets don’t work when access to a free flow of information is blocked, Anonymous. If we permitted honest posting re the last 40 years of peer-reviewed research, investors would act in their self-interest and engage in market timing and today’s CAPE would be somewhere near 16. You cannot say how much someone is willing to pay when you deny that person the information he needs to make an informed purchasing decision.

My sincere take.

Rob