By just about every conceivable measure, stocks today are overpriced. Yet they keep going up.
What’s Ahead examines this extraordinary phenomenon in a segment that first goes over the traditional metrics for evaluating equites, then looks at the rationales for the sky-high prices and, finally, makes suggestions for what a prudent investor might do.
What makes today’s situation so fraught is that there’s no reliable way to time the stock market. No one has ever done it consistently. Trends can continue long past the time they should.
But one should remember, irrational market behavior eventually ends. Always.