Alexander Green contends that the market is almost as cheap today as it was during the depths of despair in March 2009.
How is that possible when the Dow is already more than 3,500 points higher?
Because a stock or index price doesn’t tell you anything about valuation. What matters are earnings and the multiple that the market puts on them.
The three main reasons for buying high-quality stocks now are:
1.Near zero interest rates.
2.Little inflation.
3.most stocks are unloved and undervalued around the world.
And the best time to buy stocks would be - when so many others stop believing in it -and that time is now. Read the article.
My personal portfolio:
BOA
SOHO China
Noble
NOL
Sembmar
SPDR Gold
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