The recent downturn from the high in October has led to a great deal of chatter about the markets being cheap. That the recent turmoil has presented us with wonderful buying opportunities based on valuation. Readers here know that I disagree, and vehemently. Which doesn’t mean there isn’t money to be made as speculators....
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Bloomberg had a headline a while back which screamed Cheapest Stocks in Two Decades Signal Bull Market. This is based on the so-called Fed Model. I think this is a really flawed model. The Big Picture explained why he agrees with me. Download article as PDF
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