Likely, the market is discounting expectations for both future earnings and future interest rates. Rande Spiegelman Answers are general in nature, are not meant as specific advice, and do not necessarily represent the opinions of others. Individuals should consult with their own advisors for specific financial and tax advice. Click THIS to Join , enter the contest and post here. In short, investing should be dull and boring.
Indexing is boring.
John Bogle agreed, and he began building the Vanguard fund family 30 years ago on the world's most boring investment strategy - index funds. Indexing is boring. Big mistake to think that. Because there are so many choices among index funds. It wouldn't be frenzied day-trading, of course, just a new version under the guise of frequent portfolio rebalancing.