Spencer Jakab
speaker
981 appearances
14 recordings
1 series
first heard Jul 2017
last heard Jun 2021
Spencer Jakab’s voice in public audio — every appearance, attributed to the second.
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Appearances
Probably...
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Not investing is not what I'm advising people to do, but you probably do need to save more to get to the same goal because you can't plug in the same rate of growth that you saw over the past 20 or 30 years to the next 10 or 20 years.
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Yeah.
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So just for some context, the Shiller P.E.
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ratio, which is a P.E.
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ratio that measures not just this year or last year, it measures the trailing 10 years of actual earnings growth adjusted for inflation, was the lowest that it had been since the Great Depression.
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Now, the market first touched 1,000 in 1966, early 1966, touched it very briefly.
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Back then, and it's a long, long period between touching 1,000 and breaking through 1,000, the market was near its most expensive since the 1920s boom.
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That really is what made all the difference, is that at one time you were at a very high valuation and one time you were at a very low valuation.
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The earnings growth from 1966 onwards for the next decade actually was better than it was during the quote-unquote Reagan boom.
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It's just that stocks were so cheap that we were really primed for gains almost no matter what happened.
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Thank you.
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It does.
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And the first thing that people think of is the blowout jobs report that we had last Friday.
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And that was kind of a Goldilocks moment, right?
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Because you had great growth, period, way better than expected, and you had pretty muted jobs gains.
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But you've had purchasing managers indexes and other data points around the world that
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that are more so-so.
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And that's a reminder that the entire world is not necessarily booming, that you do have some mixed messages there.
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It's possible.
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Showing 681–700 of 981 · page 35 of 50
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