"Pessimists buying conspiracy theories get to sound smart. Optimists buying good businesses get to create wealth."
Camden55 that's a great quote. The "crash is coming" theorists get to sound like the smartest kids on the block.
I've been reading and hearing them ever since the "dead cat" bounce of March 2009. 4 1/2 years on an the major indices and major stocks have continued to move ahead (and I'm talking solid companies with earnings not spec miners which are always a lottery).
Those that got in have ridden a nice bull market and enjoyed capital growth and a dividend stream. How much longer will the "crash is in coming" squad wait? It's been 4 1/2 years of missing out now, 5, 6, 10 years, 15?
Like a broken clock eventually they may be right and another major crash may come but how many years on the side lines missing out o capital growth and dividends have they sacrificed.
