Just a reminder that the current secular bear market is probably not over.
The following chart illustrates the secular bear market from 1965 to 1981. Secular bear markets usually end with P/E ratios around 8 vs the current SP500 around 18. And stock dividend yields are up in the 6-7% level vs the current 2-3% yield.
Personally I believe it is a time to be very conservative and hold a substantial percentage of investment assets in cash or near cash short term quality bonds, etc.
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