Global Stock Market Valuations: Patience Is a Virtue [View article]
That's why I'm cherry picking the best stocks that benefit from global growth such as MA POT and Google, as opposed to buying an index.
On May 04 02:47 PM Raymond Micaletti wrote:
> The problem here is that stocks have been persistently overvalued > (relative to longer-term historical valuations) since 1994-1995. > So while stocks may be attractive relative to their recent past, > over a much longer time horizon, they don't look as attractive. On > a sector-by-sector basis in the U.S., there are some legitimately > cheap sectors, but those sectors are getting little or no love in > this current rally.
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On May 04 02:47 PM Raymond Micaletti wrote:
> The problem here is that stocks have been persistently overvalued
> (relative to longer-term historical valuations) since 1994-1995.
> So while stocks may be attractive relative to their recent past,
> over a much longer time horizon, they don't look as attractive. On
> a sector-by-sector basis in the U.S., there are some legitimately
> cheap sectors, but those sectors are getting little or no love in
> this current rally.