No. of Recommendations: 68
The talking heads often don't know how to read the data.

2007 was NOT a bubble! It just looked like one to some people. Here is the right view, 40 years of S&P 500:^GSPC.html

The index has been rising at around 9% per year for the past 40 years. 2000 WAS a bubble, you can see how in 1995 prices started to rise much faster than the historic average. In 2000 the collapsed and the S&P 500 went back to "fair value." From late 2002 to 2007 the index rose at it's average historical rate. The crash in the housing market brought down the financial system, it was NOT a stock market bubble imploding! From the 2009 bottom the market is recovering at a better rate than average but nothing that should scare the pants off investors.

Tune out the noise, the Zacks, the CNBCs, the Cramers, and all the other noise makers. 99% of what passes for news, isn't. It's NOISE. If you want news, read the earnings reports. Analyze the earnings reports. Most everything else is gossip, opinion, or worse.

Denny Schlesinger
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.