Someone asked Warren Buffett does he think stock valuations are overpriced right now (ie as at 2014/2015). He said on historical measures yes, but he's also not seen interest rates and monetary policy of these levels. If these rates and policies stayed, he said stocks are grossly undervalued.
Take a view on interest rates and monetary policy and the rest falls into place. If you believe these rates are here to stay, buy. If you believe they'll spike, get out.
Take a view on interest rates and monetary policy and the rest falls into place. If you believe these rates are here to stay, buy. If you believe they'll spike, get out.