"My ex wife and I were talking about the stocks we bought in 1982, vs. the cd's we bought around the same time. The cd's were for 18.5%...that is what stocks were competing against. It made NO sense to buy stocks..they weren't that cheap, and they looked damn awful compared to the 18% guranteed. This is what is so amazing reading these boards now. Reading posts here from folks who think the 73/74 period or in 82, things were cheaper...they obviously weren't there actually dealing with it. I know, you think that pe of 6 looked good, but what those who weren't there aren't "getting" is that you had guaranteed instruments that were very attractive in comparison. This isn't the case now."
Correct (btw please note as I mentioned that was a repost and was meant to bring discussion...it was not MY opinion.) When CDs were yielding 18% we were running 10-12 % inflation also.....keeping any fixed income investment for any length of time was SCARY. Just like buying stocks now is SCARY....something to think about. I have no opinion on the market here...we could bounce off support or take a big dive pre Iraq...who knows. Talking to most people I know....NObody seems bullish on 03....maybe the majority is right for a change?
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