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<p>[QUOTE=&quot;Cloudsweeper99, post: 1334459, member: 3011&quot;]If you believe history is irrelevant, then you must confine yourself to buying only what has been performing well recently.&nbsp; I think history is very relevant.&nbsp; Gold has performed well for ten years.&nbsp; To me this is an indication that it may be time to sell some because it is no longer a bargain.&nbsp; Stocks have performed badly for ten years.&nbsp; To me this is an indication that it may be time to take a second look.&nbsp; Those who believe history is irrelevant, like the tech stock investors in the 1990s, will miss the turn.&nbsp; They always do.&nbsp;&nbsp; People were pretty convinced that the stock market was dead in 1980 after waves of inflation, falling dollar, poor returns, skyrocketing oil prices and gas lines.&nbsp; But it was precisely at the time when things looked worst for stocks that they presented the greatest bargain.&nbsp; The same was true in the depths of the Great Depression.&nbsp; I know Japan has had a rough time, and it was pointed out that our markets may be headed for the same, but as you point out, we have had inflation and they have not, and that alone will boost stocks at some point.&nbsp; Also, most large cap stocks operate worldwide today, and that changes their prospects.</p><p><br /></p><p>Everyone has to decide for themselves.[/QUOTE]</p><p><br /></p>

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