“The More Rational We All Become in Our Investment Choices, the Fewer Bull Markets We Will See and the Fewer Bear Markets We Will See and the Fewer Economic Crises We Will See. Today’s CAPE Level Is the Result of the Ongoing Ban on Honest Posting re the Peer-Reviewed Research.”

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

You think you are rational?

I try to be rational. All human investors have the capacity to be rational but also have an inclination to give in to Get Rich Quick/Buy-and-Hold urges. The value of research is that it helps us to see the dangers of going with a pure Get Rich Quick/Buy-and-Hold approach. That’s why I say that we should permit honest discussion of the last 42 years of peer-reviewed research at every site, without a single exception.

The more rational we all become in our investment choices, the fewer bull markets we will see and the fewer bear markets we will see and the fewer economic crises we will see. Today’s CAPE level is the result of the ongoing ban on honest posting re the peer-reviewed research. The more we all were encouraged to practice effective market timing, the less voatility we would see in stock prices and the more stable our economic system would be.

Rob