I think you are probably right. I own JNJ, PG and KMB among others. There is only one little problem. If I make it, I will be 90 years old in 2030 and likely won't care. I do think there is great opportunity now and eventually people will jump back into the market.
well another new high ! still believe this is a very long term trend --- the Commodity craze that ran from 2000 to 2011 was due in part to China building out it's infrastruture - airports, roads, railroads, shipyards, housing -- next 10+ years will be the rise of the middle class -- once they start buying Klennex, Toothpaste, etc.. they won't go back... GLTA
I think Buffet gets it with Heinz - global brand , huge cash flow , big dividend - bodes well for all Consumer Staples - JNJ could split up and sell the Consumer biz for 23x p/e like HNZ and keep the pharma biz.