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Historically overpriced....a clarification.

“The stock market is historically overpriced, and becoming more so by the day.”
David Snowball - October 1, 2017 Commentary

I wanted to possibly clarify David's statement. I think now we can say "hysterically overpriced...." ;/

The wheels on the bus go round and round.....


  • Hi rforno,

    Given the low level of inflation combined with strong earnings and GDP growth, it looks closer to fairly valued to us. It won't be hysterically overpriced until the doubters capitulate and hysteria appears. We aren't there yet.

    That's not to say it won't suffer some price weakness, perhaps soon. We feel that weakness will be a buying opportunity.
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