Black Monday: Dow and other markets taking a plunge

[Southie]

Re: Black Monday: Dow and other markets taking a plunge

@Southie

Stop with the name calling you imbecile. Do you have comprehension issues? I clearly stated market appears 20 to 30 pct overvalued. And that it could reach fair value by multiple ways. Go down, stay flat or rise at slow fate for several years.

Have your asset allocation in place and rebalance periodically. This is the mantra I have been repeating. That’s the only free lunch.

Now go away.

Today’s wsj had an article using same CAPE. Based on cape of 20 over last 30 yrs mkt is 20 pct overvalued per the article. In line with your post.

Jason Zweig in another article today stated what u did - that mkt can either go down eliw fair value or remain flat or grow slowly.

That is why, as we have repeatedly said, asset allocation and rebalancing is the way to go. Last thing one should do is go by gut feeling. sure to make a mistake.