[quote=Leorocky]Again, the bolded statement is someone’s opinion. I fail to see how someone knows what “investors” as a whole are betting on.
If you had told me 2 hours ago that US equities valuations had deviated from that of other countries I would have said that would make sense. Emerging markets have been crap for several years now and the rest of the world ain’t so hot either (except for maybe China).
But our stock prices are still supported by strong fundamentals and valuations are not “off the rail”. Our economy is doing VERY well relative to the rest of the world.
For the record I feel as if the market is a little overvalued currently and that there is going to be a lot of volatility in the near future not related to fundamentals.[/quote]
I’m not the type to go whistling past the graveyard. Numbers, charts, history, etc. all matter. Lots of people thought that housing prices in ~2003-2008 (and stock prices, and commodities prices…) were based on “fundamentals,” too. And people thought that using assumptions about forward earnings and “eyeballs” meant that internet stocks were fairly valued as well. I’m not one of those people.
