I’ve got an article up on TIME.com about “secular bear markets” and Graham and Buffett and stuff. It will hold no surprises for those versed in value-investor lore. But, in a sad commentary on our times, I’m told that many readers of the Internets are not versed in value-investor lore.
The basic message is that while this is a dangerous time to buy stocks, it’s a lot less dangerous than, say, two months ago. Which sounds a little like Pudd’nhead Wilson: “October. This is one of the peculiarly dangerous months to speculate in stocks in. The others are July, January, September, April, November, May, March, June, December, August, and February.”
If that doesn’t buck you up, maybe try singing along with the Facepalm Song (via Sad Guys on Trading Floors):