In a blog post, Meb Faber, co-founder and chief investment officer of Cambria Investment Management, found that buying stocks at all-time peaks — and otherwise being in government bonds — returned more than just holding stocks.
Faber did point out that he wasn’t suggesting buying at highs as a strategy, but merely pointing out that it’s no reason not to purchase equities. On Wednesday, the Dow Jones Industrial Average DJIA, +0.66% and the S&P 500 SPX, +0.27% finished at their second-highest level in history, and the Nasdaq Composite COMP, +0.28% finished at the third-best level.
Steve Goldstein Steve Goldstein is MarketWatch markets editor for Europe. Follow him on Twitter: @MKTWgoldstein.
The “High” IS NOT the “Top”. People who know the difference make money on growth stocks.
And that’s how we make suckers
Yes we’ve been consolidating under the highs for months, this market is just getting started
The funny because it’s true thing is buying at the highs is what more likely happens based in investor behavior.
AlessioUrban 😂😂😂
Buy, buy, buy 😂
depending on your timescale... based on decades that's is fine. But recent hystory says be careful ...
Permabull propaganda
Easy, always keep some inversion hedges😎
Yes, better than bonds and savings account, but not a good idea if you include the risk reward factor