Sorry, But It's Time To Remind You About The Possibility Of A Stock Market Crash

The stock market has had another good year so far.

Despite concerns about high prices (from people like me), stocks have meandered higher over the past 6 months. And they are now, once again, setting new all-time highs.

That's good for me, because I own stocks. But I'm not expecting this performance to continue.

In fact, the higher stocks move, the more concerned I get about a day (or days) of reckoning. Why? Because the higher stocks move, the farther their prices get farther away from the long-term average. This doesn't mean the market will crash anytime soon — or ever. But it does mean that, unless it's "different this time," stocks are likely to perform very poorly from this level over the next 7-10 years.

And it's not just price that concerns me.

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