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Time To Buy Stocks?
ByFelix Salmon wouldn't bet on it:
There's a very good chance that the stock market won't decline in nominal terms for the next 40 years. But the very fact that we're so obsessed with it is worrying. A world where people obsess over one-day movements in the Dow is not a world where stocks feel like a remotely safe investment: it's a world where they're a high-volatility gamble.
Nor would Leonhardt:
...stocks are a little less expensive than their historical average. But they are far more expensive than they were at the worst points of the other two worst recessions of the past century.
