Looking at Rich’s Finance and Investing articles on the right, at the end of October 2008 he argued the market was priced for good returns.
He was probably right on valuations, but there was still a lot of anxiety, especially as terrible holiday retail numbers came in. Still, if you bought then and held through the huge February dip (or doubled down!) you made a pretty nice 15% or so annual profit.
Rich’s article on the right suggests stocks are overvalued right now. That doesn’t necessarily mean sell, sell, sell right this minute, but I’d be hesitant to buy into the general market: as always there probably are specific bargains to be had for those more savvy and in touch with the economy than myself.
