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Celestial Hedge
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I am a value investor, following the strategy of Warren Buffett. I like to find companies with sustainable competitive advantages that seem undervalued by the market. I look for market misperceptions, recent news and drastic price changes, and new strategies that a company may use to increase... More
  • Impending Doom? 0 comments
    Dec 5, 2013 11:30 PM | about stocks: SPY

    It seems to me like a substantial part of the market is predicting "impending doom" for stocks. Bears are making their case known, on Seeking Alpha and in many other publications, and market sentiment, while high, seems to be untrusted. This bull market is one of the "most hated" of all time.

    "Stocks are overpriced! Higher than ever!"

    "This isn't sustainable, stocks can't grow forever!"

    "Profit margins are at an all-time high!"

    I see stocks rising a little bit next year, around 5-6%. I think the market is a liiiiitle overvalued, and with historical growth rates around 9%, i think 5-6% is a good target estimate.

    Any specific thoughts, valuations, reasons from bears why stocks are so overvalued? I wasn't convinced earlier in the year, but more and more recent data has me a little worried for the future of the market.

    Stocks: SPY
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