Subject: Re: OT: S&P 500 Valuation
more people will invest in them instead of stocks thus causing stocks to drop further? And the more stocks drop, unless rates drop, more people will continue to move money into bonds?...
Throw in TIPs that are providing 2% or more above inflation many may prefer safe returns than watching money drop in the market.

I spotted a great quote today, possibly applicable to market turbulence

"Le tourment des précautions l'emporte sur le danger que l'on veut éviter, il vaut mieux s'abandonner à sa destinée" --Napoleon Bonaparte


The torment of precautions outweighs the danger one wishes to avoid; it is better to abandon one's self to one's destiny.

Jim