A "buying opportunity" happens when the P/E ratio gets very attractive. Not when it's the third highest in history.
Anyone who thinks they are "buying stocks on the cheap" is an idiot or someone too young to have witnessed an actual buying opportunity. At these valuation levels it's likely to return a big fat zero in real dollars over the next decade or so. S&P easily has another 40% to shed to be an actual buying opportunity.
See ya below 1600.
Submitted February 06, 2018 at 01:11AM by leostrauss http://ift.tt/2E30baA
