tag:blogger.com,1999:blog-8152901575140311047.post4473090292519571201..comments2024-03-29T07:41:47.433-04:00Comments on Musings on Markets: US Equities: Resilient Force or Case Study in Denial?Aswath Damodaranhttp://www.blogger.com/profile/12021594649672906878noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-8152901575140311047.post-70428328190423042019-10-02T11:57:23.994-04:002019-10-02T11:57:23.994-04:00This piece was fantastic, well written, and perfec...This piece was fantastic, well written, and perfectly timed. I agree with the thrust of your conclusions and have been wrestling with some of the same questions myself, but you pulled it together much better than I had managed to so far. Cheers. Steve Kammanhttp://strongviewslightlyheld.comnoreply@blogger.comtag:blogger.com,1999:blog-8152901575140311047.post-17182398700213011212019-10-02T09:54:40.779-04:002019-10-02T09:54:40.779-04:00What’s wrong with staying in cash during periods w...What’s wrong with staying in cash during periods when market PE ratio significantly exceeds its historical median? Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8152901575140311047.post-6272958021344586982019-10-02T07:50:04.503-04:002019-10-02T07:50:04.503-04:00It is really impossible to call the market peak. I...It is really impossible to call the market peak. I have been cash biased for the last four years, while waiting for a bear market. My investors are getting impatient, and I am willing to accept my mistake and invest all that cash again. There are two reasons for that: bull markets after a major crash seem to last longer (it happened after 1934, and it seems to be happening again after 2009). Central banks are addicted to low rates and might go on for a long time.<br /><br />Yet, I am a terrible market timer. So, I am afraid that stocks will crash again just after I have become fully invested again...Antonio Marques Mendeshttps://www.blogger.com/profile/04567064917250643118noreply@blogger.com