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Saturday, October 11, 2008

Von Hoffman

AS finds a quote that defined the last market peak, in 1999. I looked for it earlier this week, but could not find it, so I just did a Dow 10,000 post, instead.

I recall making prognostications, on the heels of Glassman and Haslett's opus, at the beginning of this decade (from memory):

"...loss looms to the downside, threatening an end to the cult of equity.'


Oh, dear.

Anyway, if you believe in the Glassman and Hassett thesis (it's a theory which you cannot prove wrong...), these are the times of your life: Buy, buy, buy!