For a little perspective, I thought you might want to be reminded where we were a little more than four years ago, with the Dow at 7,782.
I think most stocks were overpriced then, even though they went way higher, and I think most stocks are overpriced now.
Of course, I’m usually wrong, so you have very little to worry about.
TIPS – AFTERTHOUGHT
John Bakke: ‘An even easier way to get TIPS in your tax-sheltered account is the Vanguard Inflation-Protected Securities Fund.’
☞ Indeed. I should have mentioned that.
Quote of the Day
It was only 80 years from the time Darwin published ON THE ORIGIN OF SPECIES until we detonated the first nuclear bomb. In the lifetime of one person, we went from figuring out where we came from to figuring out how to get rid of ourselves.~Paleontologist Jack Horner
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