Equity Market Valuations: We Haven't Been Here Before

By Baijnath Ramraika, CFA and Prashant Trivedi, CFA This article first appeared on AdvisorPerspectives. “…. valuing the market has nothing to do with where it’s going to go next week or next month or next year, a line of thought we never get into. The fact is that markets behave in ways, sometimes for a very long stretch, that are not linked to value. Sooner or later, though, value counts.” – Warren Buffett [timeless] As the equity bull market has entered its ninth year, market participants have voiced concerns over elevated valuation levels. John Hussman has been one of the…