To be perfectly candid, I am not saying stocks are “a bubble” today. I am not saying prices are “ridiculous.” I am not saying the things that some of the louder doom-and-gloomers are howling about the coming devastation.
But I certainly think that what’s happening today is, in large part, the result of unsustainable easy-money policies from the Fed, and that it is too good to last.
One of the most important things you can do as an investor is to try to seek out smart arguments that lay out the opposite side of the views that you hold. In other words, if you’re bullish, you should seek out smart bears, and vice versa.
And if you’re so sure that stocks are just going to keep going up and that anyone who voices caution is a moron — then at least think about this
Someday, financial markets will again decline. Someday, rising stock and bond markets will no longer be government policy – maybe not today or tomorrow, but someday. Someday, QE will end and money won’t be free. Someday, corporate failure will be permitted.
For More: Bullish on Stocks?
Thank You,