Buying into the market now at these valuations could result in a very painful affair, he said. What value investors should be doing is putting together a shopping list for when stocks go on sale.
“I only buy my nice clothes when they’re on sale,” Leclerc said. “That’s how I feel about U.S. stocks right now.”
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Here are some wild stats about the current rally in the S&P 500 in 2013 which brings the gains to 17%+: |
It's always a good idea to keep some good articles, at least I think they are good for reference, so I can go back and read them later.
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