I seriously take issue with your assertion that stocks always rise in the long run.


This may be true, but not in any way that is relevant to an investor.


What is relevant is, will stocks rise from the current price, given that you have the money to buy them, and given that your act of purchasing them has created a print at a higher price than where ther would have otherwise traded?


The only reason stock "always go up" is because people always just don't quite have the money to buy them today, but will at some future date.


The only way stocks can be undervalued is if someone manufactured stock in anticipation of a greater availability of money to invest in stocks than we find ourselves with. Or, if you pay more for a stock than it costs people to make stocks - because more money became available to buy stocks, faster and sooner then expected, you will lose money, as the supply of stock catches up.


By the way, what I just said is accurate! But it is still meaningless jibberish, to the extent nobody will understand what I meant


eLROY