Stocks On Sale
Forbes magazine claims that it's ridiculous for 60-year-olds to say they won't be able to retire because of the market's downturn. History has seen many similar bear markets and yet folks have kept right on retiring.
The average bull market, of which there have been 10 since World War II, takes stocks up 150% before the cycle turns. The average 12-month rebound from the bottom is 36%. Stocks simply don't go down and stay down.
Unless you were an adult as World War II ended, stocks today are cheaper, adjusted for tax rates and interest rates, than they've been in your adult life!
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The average bull market, of which there have been 10 since World War II, takes stocks up 150% before the cycle turns. The average 12-month rebound from the bottom is 36%. Stocks simply don't go down and stay down.
Unless you were an adult as World War II ended, stocks today are cheaper, adjusted for tax rates and interest rates, than they've been in your adult life!
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posted by Bob Moser at
4:14 PM
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