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This is the Walk Street equivalent of NAR's it is always a good time to buy. Confuses correlation with causality for its conclusion.
Both Disciplined Dave and Hapless Harry were lucky enough to invest in a historic period where the demographics and policies created huge inflows into the market lifting everything. Will this continue for the next 30 years? Nobody knows except in retrospect.
But this has to be the dumbest and most irresponsible statement in financial media ever
... If you're hesitant for fear of entering at the market top and you're not a retiree or terminally ill, then this makes you a speculator.
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Both Disciplined Dave and Hapless Harry were lucky enough to invest in a historic period where the demographics and policies created huge inflows into the market lifting everything. Will this continue for the next 30 years? Nobody knows except in retrospect.
But this has to be the dumbest and most irresponsible statement in financial media ever