Shiller a long-term semi bull ?

[NotCranky]

I think Someone got to Shiller and told him to “cool it with the reality stuff”.

“Summing it up, the market as a whole is priced for good long-term returns, but it could end up priced for great returns down the road. Meanwhile, certain sectors within the market are priced for great returns already.”

Rich Toscano
http://www.pcasd.com/us_stock_market_now_priced_for_good_returns

I think Rich got the memo too, peterb.

[peterb]

Yes, unfortunately, Rich is not immune. The last two investing reports on “gold and gold stocks” as well as the “US stock market is now priced for good returns” are a little off target, IMO. Gold had broken-down 6 months ago and will continue to break down for a while yet. The US stock market may enjoy this reaction cycle, but it wont last more than a few months before all the overwhelming bad news smashes it to new lows. The best and safest place to be right now is in the US$. This will probably be true for another 6 or more months. Check with Marc Faber and Bob Hoye for a historical perspective on where we’re at and headed. 2009 is going to be one for the record books and I dont mean that in a good way.

[peterb]

Yes, unfortunately, Rich is not immune. The last two investing reports on “gold and gold stocks” as well as the “US stock market is now priced for good returns” are a little off target, IMO. Gold had broken-down 6 months ago and will continue to break down for a while yet. The US stock market may enjoy this reaction cycle, but it wont last more than a few months before all the overwhelming bad news smashes it to new lows. The best and safest place to be right now is in the US$. This will probably be true for another 6 or more months. Check with Marc Faber and Bob Hoye for a historical perspective on where we’re at and headed. 2009 is going to be one for the record books and I dont mean that in a good way.

[peterb]

Yes, unfortunately, Rich is not immune. The last two investing reports on “gold and gold stocks” as well as the “US stock market is now priced for good returns” are a little off target, IMO. Gold had broken-down 6 months ago and will continue to break down for a while yet. The US stock market may enjoy this reaction cycle, but it wont last more than a few months before all the overwhelming bad news smashes it to new lows. The best and safest place to be right now is in the US$. This will probably be true for another 6 or more months. Check with Marc Faber and Bob Hoye for a historical perspective on where we’re at and headed. 2009 is going to be one for the record books and I dont mean that in a good way.

[peterb]

Yes, unfortunately, Rich is not immune. The last two investing reports on “gold and gold stocks” as well as the “US stock market is now priced for good returns” are a little off target, IMO. Gold had broken-down 6 months ago and will continue to break down for a while yet. The US stock market may enjoy this reaction cycle, but it wont last more than a few months before all the overwhelming bad news smashes it to new lows. The best and safest place to be right now is in the US$. This will probably be true for another 6 or more months. Check with Marc Faber and Bob Hoye for a historical perspective on where we’re at and headed. 2009 is going to be one for the record books and I dont mean that in a good way.

[peterb]

Yes, unfortunately, Rich is not immune. The last two investing reports on “gold and gold stocks” as well as the “US stock market is now priced for good returns” are a little off target, IMO. Gold had broken-down 6 months ago and will continue to break down for a while yet. The US stock market may enjoy this reaction cycle, but it wont last more than a few months before all the overwhelming bad news smashes it to new lows. The best and safest place to be right now is in the US$. This will probably be true for another 6 or more months. Check with Marc Faber and Bob Hoye for a historical perspective on where we’re at and headed. 2009 is going to be one for the record books and I dont mean that in a good way.

[(former)FormerSanDiegan]

peterb, you seem to be focused on 3-6 month trends.

Shiller tends to focus on decadal time scales.

[(former)FormerSanDiegan]

peterb, you seem to be focused on 3-6 month trends.

Shiller tends to focus on decadal time scales.

[(former)FormerSanDiegan]

peterb, you seem to be focused on 3-6 month trends.

Shiller tends to focus on decadal time scales.

[(former)FormerSanDiegan]

peterb, you seem to be focused on 3-6 month trends.

Shiller tends to focus on decadal time scales.

[(former)FormerSanDiegan]

peterb, you seem to be focused on 3-6 month trends.

Shiller tends to focus on decadal time scales.

[NotCranky]

Hey, I was just joking peterb.Rich sounds reasonable, with good arguments and fair caveats.

[NotCranky]

Hey, I was just joking peterb.Rich sounds reasonable, with good arguments and fair caveats.

[NotCranky]

Hey, I was just joking peterb.Rich sounds reasonable, with good arguments and fair caveats.

[NotCranky]

Hey, I was just joking peterb.Rich sounds reasonable, with good arguments and fair caveats.

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