I too like thinking contrarian, but one major problem with your article is that in 1979 the stock market had been in a bear market since 1966...today we have been in one for less than a year. There hasn't even been a full calendar down year in this bear market.
An old adage I'll never forget is that bear markets don't really end until you have high interest rates and high inflation. We do have inflation (unofficially) but definitely not high interest rates, so I think the real contrarian buying oppurtunity will arise sometime between 2010-2012.
If It Looks Like a Bull, Walks Like a Bull, Acts Like a Bull… [View article]
It's a cash is trash market and you have to do something with your money since everyone knows Bernanke, et al are eventually going to gut the dollar.
Time To Abandon Stocks? [View article]
An old adage I'll never forget is that bear markets don't really end until you have high interest rates and high inflation. We do have inflation (unofficially) but definitely not high interest rates, so I think the real contrarian buying oppurtunity will arise sometime between 2010-2012.