Thursday, January 18, 2018

Markets may continue to rally


"Price to earnings multiples are extremely exaggerated. Price to value multiples are extremely exaggerated. The psychology is extremely exaggerated. I have found the market to be overbought for a long period of time."

"Let’s be quite honest, it has been a bull market, it continues to be a bull market and… it will continue to be a bull market until it stops. It is not unusual to see interest rates rise and stock prices to go higher and we are in that environment. The economy is doing well and that’s going to drive interest rates higher for the next several years, I think, and we may very well see stock prices continue."


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