Set forth below is the text of a comment that I recently posted to the discussion thread for another blog entry at this site:
Everyone already makes that decision, Rob. They just don’t have to agree with you as to what YOU think. Is overpriced. They don’t have to be forced by you to go broke, just like what happened to you.
Today’s CAPE value is 37, Anonymous. Do you think that that CAPE value came to apply as the result of millions of investors making informed choices as to their stock allocation?
I see that CAPE value as being the consequence of the widespread promotion of Buy-and-Hold strategies.
Rob


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