I guess if the Moron took the time to comment on all the stupid articles out there, there would be no time for anything else, but Kiplinger's sends their magazine to my office unbidden, and I do love the illustrations!
The cover story of the current issue gives instructions on how to get back into the stock market. Of course the Moron was never intelligent enough to get out in the first place. We just keep plodding along.
What is there really to say about this inanity? It is troubling indeed to believe that there may be people using articles like this as true sources of information and counsel rather than just as simple entertainment.
The article mentions an "investor" who fled the market entirely after losing "half of his portfolio". He's been out of the market for the past 3 years. Now that prices are far higher, he has met an "advisor" who has made him "feel better" about getting back into the market, by recommending super special funds that aim to reduce volatility by "adjusting their exposure to stocks".
So now he's willing to "give stocks another go" as the article puts it. This is really sad. He lost half of his portfolio value, sold out, and he's buying in now that prices have doubled. He is doing this with the "help" of an advisor, which takes another chunk out of his investable funds. But at least the advisor has made him feel better. And at least the advisor has made some money.
"I'd like to see how this goes, then reevaluate" says the investor. In other words, if market prices decline, he may have to sell out again.
Midway through the article our expert author writes "Perhaps the best reason of all to buy stocks now is that the four-year-old bull market appears to have plenty of life left." Then she cites all of her best reasons for believing so. It appears to have plenty of life left??? Can we tell? With what level of certainty? What will be the magnitude of the declines if it doesn't have plenty of life left even though it appears to?
Is there a positive correlation between the future of this market and the authors perception that it "appears to have plenty of life left"?
Dumb-dumb-dumb-dumb-dumb......
She covers all her bases though: "That doesn't mean stocks won't pause or even stumble along the way."
Well. I guess pausing might be okay, if they don't pause for too long. And I guess even "stumbling" might not be all that bad. Just pausing and stumbling is the worst that could happen. Sounds good. And then Kiplinger's will tell us when to get back out of the market when it appears that the bull market doesn't have much life left? Great.
And I do love those illustrations!
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