Subject: o/t, Jim Sloan the year ahead,
" Summary
2026 has a reasonably high likelihood of being a turning point after 3 years of strong gains not fully supported by fundamentals.
A JPMorgan dot plot graph shows that when the market P/E reaches 23, there has invariably been a decade of +2% to -2% cumulative returns.
2026 has a close resemblance of 2000, when the dot-com melt-up finally came apart and the market crashed and remained down for a decade.
Alternatives include foreign stocks, bonds, and Quality/Value stocks.
The Vanguard Value Index Fund ETF is composed of Quality/Value stocks and is a source to look for individual stocks."


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