Practitioners, Prognosticators and Portfolio Pain
The U.S. stock market looks overpriced, regardless of your vantage, but that’s no reason for value investors to lose heart — or money.
Vitaliy Katsenelson
December 12, 2013
The reflection of a trader working is seen on a monitor on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Monday, Nov. 18, 2013. Most U.S. stocks fell after the Dow Jones Industrial Average rose above 16,000 for the first time, spurring concern that equity valuations are too high. Photographer: Jin Lee/Bloomberg
Jin Lee/Bloomberg
