Riffing off a recent post on the performance of a 50/50 portfolio on A Wealth of Commonsense blog.
Today looks like no period specifically and all periods generally. Whether it is wars and famines and unrest and lousy politicians and economics worries or existential concerns. Today looks like virtually ever other period of time.
But that is not the question or the perspective I am looking at it from. I am thinking in terms of general financial market characteristics. And in that regard, today looks very much like the end of the sixties. Interest rates were very low and the stock market was very high. The 70s were not kind to either. Perhaps a portent of things to come.
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