Good Times

With all the gloom and doom going on, one can lose sight of the fact that these are good times: for long term investors, that is.

I am quite excited about the discounted prices of stocks right now. Wait, let me qualify that- I dont feel that stocks in general are particularly cheap. They're cheap if you compare them with the prices of the last 10-15 years, but they're actually priced just about average if you compare with the 70s and 80s.

What really gets my heart racing are the prices of small cap stocks, particularly those with strong businesses. Some are very cheap. At some point I'll point out my picks and we'll see how well they'll do over the next couple of years.