hc, I don't find qualitative statements like the following (at the end of that article) helpful:
« For the long term, Lockshin is letting history repeat itself. Stocks will beat bonds and bonds will beat cash, he says. "The stock market is stacked in your favor, if you just play the same hand over and over." »
In my opinion, it just feeds the equity bulls, who pump the market higher, which in turn destroys current buyers' future returns (they're buying at a high multiple today and will very likely sell at a lower multiple in the future).
jad, I would love to see uncle warren put on his big boy pants and debate hussman, or grantham, etc, on, the pros and cons of reducing our exposure to the short index puts un hedged with the market at all time highs and the vix at 13. oh well, I guess he prefers becky, kass, and the jokers of cnbc questions.
Agreed. Though much of the rest is well...duh... There IS a real point to recycling dd so that the "mispricings"
are easier to see. Recent comments from some here about BP would be an example of that.