So yeah, Peter Schiff, says, "I actually think you're better off being in the stock market." .... I don't think he is saying it is a good time to finally get into stocks!
Apparently a whole bunch of people have finally decided that 2013 is the year to get back into the stock market! Is this market timing? Is the thinking behind this strategy something like - if the stock market has gotten to be this valuable then it must be a great thing to own?
BTW a lot of market analysts point to a P/E for both the Dow and S&P of around 15 or 16 and argue that is not close to bubble range. Has anyone noticed any of them point out that the P/E for the Russel 2000 index is around 80!? Just wondering.