Buy stocks now

摘要

It is finally time to get fully invested, if only temporarily. Investors have dug down into pessimism too far for stocks not to pop upward nicely. My shift may surprise recent readers, who have seen me unremittingly bearish for 18 months. But bear markets last only so long. Why now? Among the most basic market rules is that the market discounts all known information. To be bearish, you must see bad things that others don't. One and two years ago I could (see previous columns on my web page). Now I can't. Simply agreeing with others about evident evils won't hack it.