john the babptist

Context is Everything: 7 Ways to Assess the Bigger Picture

Just another article designed to pursuade you to keep buying the market. But stocks are not cheap. They still have a high average P/E of 14 or more. Stocks are cheep when P/E drops to around 6 as they have done in the past. And that would put the Dow at around 4500. Sorry but that is when stocks are cheap. In my opinion the market is just way to risky to be bothered with it for a couple of years. If the dow did go to say 4000 I might be tempted to buy in. But even at 4000 it could still then drop to 2000 before it came back up for the long term. Really anything is possible with then worldwide financial mess. These are not ordinary times.