“When a Nation of People Suffers a Buy-and-Hold Crisis, No One Is Entirely Spared.”

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

That market timing strategy of making you go broke is working out so great for you, Rob.  Way to go.  I guess I will have to just be miserable with having millions of dollars.

Today’s CAPE value signals an economic collapse that will cause an ocean of misery for millions of people. You certainly should be sad about that and about your role in making it a reality. And your millions won’t entirely protect you. When a nation of people suffers a Buy-and-Hold Crisis, no one is entirely spared.

I’d like to see us move beyond all that. I believe that we will get on a better path in days to come. We’ll see.

My best wishes to you.

Rob