We’ve been hearing about an economic bust for so long that it’s only human nature to wonder when the boom is beginning so that we can get back into exchange traded funds (ETFs) and other securities.

President Barack Obama thinks the buying opportunity is now. “What you’re seeing now is profit-and-earning rations are starting to get to the point where buying stocks is a potentially good deal if you’ve got a long-term perspective on it,” he said on Tuesday.

But is this true?