[Wyatt's Torch]

That assumes that the NASDAQ was appropriately priced 14 years ago :-)

[expat_panama]

GOOD MORNING!!!   Another up day for everyone just like yesterday.  Reports today are CPI, Housing Starts, and Building Permits.  

Reuters Global stocks head higher as risk appetite returns  Global stocks rose and core bonds barely moved on renewed investor appetite for risk on Tuesday, driven by a lack of escalation of the Ukraine crisis and upbeat U.S. "The situation in Ukraine is still very tense, but slowly investors are getting used to it and turning their focus back on the macro and micro data, and earnings have been quite good," said Arnaud Scarpaci, fund manager at Montaigne Capital

[expat_panama]

That assumes that the NASDAQ was appropriately priced 14 years ago :-)

Some would ask that, and others would point out that to be honest and consistent we'd have to also consider whether--

--the plunges  in '03 and '09 were appropriate, and that's why I've come to the conclusion that honesty and consistency are highly overrated.  In the meantime, I'm seeing how over the past century or so stock prices usually double every decade, and this past decade and a half they haven't.