FYI: I HEAR SO MANY compelling investment arguments. That U.S. stocks are destined to generate lackluster returns because valuations are so rich. That there’s no need to own foreign stocks because you get enough international exposure with U.S. multinationals. That interest rates have nowhere to go but up.
And yet U.S. stocks keep clocking gains, U.S. and foreign shares often generate radically different annual results, and interest rates show no signs of heading significantly higher. Year after year, the markets make a mockery of articulate financial experts and their well-reasoned recommendations.
Regards,
Ted
http://www.humbledollar.com/2017/09/science-yeah-right/
