Tuesday , 27 October 2020


Tag Archives: valuation levels

Are Stocks Overvalued? It All Depends On…

The weight of the evidence today suggests that stocks are overvalued irrespective of the number of years over which you are smoothing earnings. Historically, that has meant below average forward returns with lower odds of a positive return BUT, while today’s high valuation levels may tilt the odds, but the wide range of possible outcomes remains. Let me explain.

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