I don't see how the events that punished the markets in the 1970s could have been knowable in 1966. It would have required a crystal ball to know about oil embargoes, loss of US competitiveness, societal upheaval, future policy choices, etc.Sometimes staying the course gets you crushed.
1966 - 1981 you would have been better off not staying the course in stocks and intermediate bonds.
Stocks are always and forever priced at what the market thinks is the edge of too high. If there weren't a fear that things were overpriced, stocks would quickly go up until the fear came back. The focus of this forum is that rather than believing they can outsmart everyone else with market timing, folks do best by setting an asset allocation that meets their needs and ignoring the noise.
Statistics: Posted by Exchme — Sun Dec 01, 2024 8:50 am — Replies 84 — Views 4296