“Those 29 Years Were Not Good Years for Stock Owners.”

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

And here we are, 29 years later (19 years past that 10 year mark)and  those that stuck with what YOU think is a high allocation have done very well, while you went broke.

My financial troubles were 100 percent caused by the abusive and in some cases criminal behavior of you Goons.

Those 29 years were not good years for stock owners. There has never been a time when the CAPE value remained so high for so long. If you subtract for the effect of irrational Exuberance, you would see that you would have been better off just getting a steady 6.5 percent real return each year (the return supported by economic growth). That’s a fantastic return. If the Buy-and-Holders were satisfied with that, we would all be better off. Turning stock investing into a roller coaster ride with the crazy unwillingness to engage in valuation-based market timing always leads to the sort of CAPE value we are suffering through today and to all of the human misery that follows from it.

Not this boy, you know? Economic-based gains,yes! Irrational exuberance gains? I pass. They’re bad stuff piled on bad stuff piled on bad stuff piled on bad stuff. Yucko?

Rob