Valuation-Informed Indexing #584: Investors Should Cultivate Negative Views Toward Stocks

I’ve posted Entry #584 to my weekly Valuation-Informed Indexing column at the Value Walk site. It’s called Investors Should Cultivate Negative Views Toward Stocks.

Juicy Excerpt: All of this is baby talk. What I am saying here is so obvious that it should not need to be said. Unfortunately, recent stock market history shows that it does need to be said. Today’s CAPE level is an obscene number. It puts a dark cloud over our nation’s economic future because high stock prices cause price crashes and price crashes cause economic contractions. Today’s CAPE level is telling us that we have come to love stocks too much, that we have become so blind to the negatives of stocks that we are hurting ourselves.