Valuation Matters

“It was the best of times, it was the worst of times,
it was the age of wisdom, it was the age of foolishness…”
Charles Dickens

We are at an unusual inflection point in public equity markets, where valuations for the primary benchmarks are at very high historical levels and yet complacency permeates the atmosphere, like a soft netting holding things aloft.

For those who doubt that valuations are high, and that caution may soon be in order, consider these readings on the S&P 500: continue reading >

Thursday’s Daily SnapShot

My Current Reads on the Market, Investing and Trends