Hurry, Hurry, Has No Blessings
The US stocks are way too expensive. I know the stock market is forward looking but there is no way to explain the current lofty valuations. If you take out the 'profits' from financials, you are faced with grim reality of how bad the situation is.
The chart below does a good job at pointing out the folly of the current sentiments.
Right now I'm trying to exercise patience as I think there will be opportunities to re-enter the market in the near future. I'd rather preserve my capital than take the risk of another pullback. After all, I've already minted some dough this year and my 42% equity holdings allow me to run up with the market if I have missed the opportunity.
2 comments:
Oh this is good.
I don't suppose you will hate me for asking you to do an 'Honest Scrap'....I know it is a little late as the thing has done enough rounds already, but well, consider yourself tagged!
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