On My Radar: Stock Market Valuations And Forward Returns
On My Radar: Stock Market Valuations And Forward Returns by Stephen B. Blumenthal, CMG Capital Management
“Anyone in investments should know that when you add together a number of uncorrelating returns, something magical happens.”
– David Harding of Winton Capital Management
This week let’s take a look at current market valuations (high) and what they are telling us about probable 10-year forward returns (low). The stock market has had an outstanding five year run. With that, I believe, many . . .
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