ADVANTAGES

How long does the Era of Good Feeling last? It's usually a Thanksgiving phenomenon. That said with this market, who knows? Maybe investors have simply decided that they should pay more for the same earnings numbers, something called multiple expansion. I do know one thing: if you really are scared of the market, if you really believe there will be a crash or something terrible awaits us -- a view I do not subscribe to -- use this market to exit. It's a heck of a lot better to offer stock and be taken than to have to bang out bids into a downturn.

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