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John Cochrane, "Stocks could easily fall a lot more"

By on November 15, 2008

In a well-written and researched piece in the Wall Street Journal, John Cochrane questions, “Is Now the Time to Buy Stocks?”

His conclusion is that stocks are priced at their long-term averages in relation to dividends and earnings, but with a recession of unknown magnitude heading our way, things could get a lot worse. However, if you have a stable income and can ride out the volatility, it is probably time to do some buying.

Source:

http://online.wsj.com/article/SB122645226692719401.html
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