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<p>[QUOTE=&quot;Cloudsweeper99, post: 1297929, member: 3011&quot;]I could have made the same arguments in 1980 – “The dollar is collapsing, we’re running out of oil, interest rates are 15%, Business Week just ran a cover on the end of the stock market, major companies are failing, the budget deficits are huge, people don’t have money to invest anymore, etc…”&nbsp; There are always reasons.&nbsp; But stock market advances are about return on capital and reinvestment of earnings.&nbsp; The last decade was something of an anomaly and this will change at some point.&nbsp; It’s not a big stretch to believe the market will double every decade from here.&nbsp; It’s only about 7% per year when most companies earn more than that on their capital.&nbsp; Others will give you a thousand reasons why it can’t happen, but young investors today just can’t see that they are staring at one of the great investment opportunities they will ever encounter.&nbsp; Can the market drop from here? Certainly.&nbsp; But this is the type of situations from which fortunes are made by those with the foresight and courage to take advantage of it.&nbsp; The old saying is to buy low.&nbsp; This is low.&nbsp; The market is at the same level as the 1990s even though revenues, dividends and earnings are sharply higher now than then.&nbsp; So write this down and remember where you heard it first.[/QUOTE]</p><p><br /></p>

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