There is a general consensus that valuation indicators are not very useful for market timing. Despite this, the financial media and the blogosphere feature an avalanche of articles warning that the market is seriously overvalued. Your retirement account might drop 50% at any moment. There are countless worries in the world.
Many investors have been “scared witless” (TM OldProf) by this, missing out on a great opportunity. Is it now too late? What is the current potential for market gains?
Here are three things you do not know about valuation:
related: Then there’s, the most successful fund manager ever Stanley Druckenmiller saying: ‘What Part of “Get Out of The Stock Market” Don’t You Understand?’
