raising4daughters

Buffett and Cramer Agree: It's Time to Buy Stocks

At Dow 8500, we're back on the long-term trend line of 6-7% growth, right where we'd be if not for the stock bubble that began in the mid-90s. The probabilities of further stock market growth were dependent solely on multiple expansion, and those probabilities were growing smaller and smaller. Now it's a coin flip. Short-term, my guess (and I freely admit it's a guess) is that we'll stay below the short-term trend line. Maybe a year, two, or more. But, below Dow 8,500, US equity investors will be rewarded over the next decade.