Beyond the Near-Term Clouds the Outlook May be Brightening for Long-Term Investors
Market Commentary Highlights...
- We believe that the most consistently accurate predictor of long-term stock market returns is the S&P 500 Index price-to-earnings ratio (P/E). The P/E has demonstrated consistent success predicting long-term returns going all the way back to the 1930s.
- Focusing on the short-term can be paralyzing for many investors. Long-term investors can take heart since the P/E predicts that this is the best time in 20 years to consider buying, not selling, stocks.
- History shows us that what really matters is the price we pay, not so much what happens along the way.
View the entire economic Commentary
Lincoln Savings Bank and LSB Financial are pleased to provide the above Market Commentary for the week of September 13, 2011. The commentary is prepared by LPL FINANCIAL RESEARCH, the broker-dealer partner for Lincoln Savings Bank and LSB Financial. The above commentary and others like it can be found at www.mylsb.com/investments/commentary.aspx
This information is being provided by Lincoln Savings Bank (LSB) / LSB Financial, an Iowa-based institution devoted to providing complete financial services since 1902. www.mylsb.comSecurities and Insurance products offered through LPL Financial and its affiliates, member FINRA / SIPC.
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