Thursday, October 19, 2017

Stocks are in Wacka-Wacka Land


True, stocks are in Wacka-Wacka Land, with P/E ratios through the roof in comparison to historical norms. But with bonds, even high yield, yielding well under 5 per cent, is there really a choice for investors? Anyway, dividends on stocks often match or exceed the bond market. I have to stay in stocks, at least until bonds recover from their low interest rate disease.

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