This Market is Expensive — Remain Patient
The prudent sees danger and hides himself, but the simple go on and suffer for it. – Proverbs 22:3 This proverb comes to mind as my team and I evaluate investment opportunities in this market. This is an expensive time to invest in stocks. The stock market is trading at 20x earnings and the Nasdaq even higher at 30x earnings. Chasing overpriced assets can lead to painful consequences long-term. There are always deals if you look hard enough – we continue to explore options overseas or value stocks. But it’s hard to find opportunities we really like. In general, everything