Buy-and-Hold Goon to Rob: “With the Emotions Overwhelming You, Why Haven’t You Sought Out Mental Healthcare Services?”

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

With the emotions overwhelming you, why haven’t you sought out mental healthcare services?

I’m not the one who pushed the CAPE value up to 29, Anonymous. It is the community of U.S. stock investors who did that. That’s an insanely dangerous thing to do. It’s the community of U.S. stock investors who need mental healthcare services.

The way to correct for the insane Get Rich Quick/Buy-and-Hold inclinations that push the CAPE value up to 29 is to permit honest posting re the last 41 years of peer-reviewed research at every discussion board and blog on the internet, without a single exception. I have been advocating that since the afternoon of May 13, 2002.

My only problem is that I am advocating for rational research-based investment strategies at a time when millions of people have a huge emotional investment in the continuation of Buy-and-Hold/Get Rich Quick ones. If Shiller’s Nobel-prize-winning research had been available in the days when Buy-and-Hold was being developed, it would always have been the first principle of Buy-and-Hold that all investors always practice price discipline/market timing, Unfortunately, thats not the way things lined up. So we all found ourselves living though this crazy time-period in which we have 41 years of peer-reviewed research telling us how things work but we dare not say anything about it on the internet for fear of what the Buy-and-Hold Goon Squads will do to us if we do. Humans!

My best wishes to you.

Rob