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
I do count my blessings, but then I end up counting those of others who have more and better blessings, and that pisses me off.~Bob Mankoff New Yorker cartoon caption
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