Thursday, October 12, 2017

Stocks look extremely expensive - This can end badly

"I don't care which valuation you put upon it — price to earnings, price to book value, margin usage, the market is extremely high, as I have said before. It is a bull market, you are to be long, but you cant be very long. These things will end. And it will end badly when it does end. It has been a protracted bull market, that I think is extremely overextended."



via CNBC