How To Handle an Expensive Stock Market

Based on all reasonable measures, the US stock market is very expensive relative to where it’s been historically. Investing at today’s levels means buying at high prices relative to companies earnings, cash flow, book value, etc. and implies pretty low …

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On the Election

So much ink has been spilled regarding election predictions and how the markets will be affected. We feel that there is little reason for us to add to the noise! Frankly, we have no idea what the short term ramifications …

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Will Value Stocks Outperform?

Fidelity Investments has a nice article on their site regarding Growth and Value cycles. For the last several years, value stocks (those that are priced cheaply but tend to be slower growing companies and oftentimes in more mature industries) have badly …

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End of the Emerging Markets Bear?

In December we wrote that emerging market (EM) stocks were pretty cheap and may be worth owning for investors with patience and a reasonable time horizon. According to Morningstar, EM stocks have average returns of negative seven percent for the …

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Where are the Cheap Stock Markets?

The Telegraph has an excellent article and accompanying visual on valuations of various countries stock markets.  Some great values are out there, especially in emerging markets. Click on the image to enlarge. You can read the article here.