017 Stock Market thread
01-07-2017, 06:33 PM
The major indices seem overvalued, propped up by heavy stimulus to prevent a meltdown, but the question for 2017 is will this continue or will there be the overdue correction. P/E ratios are very unattractive to me and there doesn't seem to be the real growth in support of these higher index values. I couldn't justify putting cash in there because I very rarely deviate from buy low sell high, and there should be a correction if these were normal market conditions... At the same time it's possible the indices just keep going up quietly albeit for no good reason.
So going from whole indices I will be looking at undervalued sectors within them and investing in ETFs associated with them or a handful of stocks.
So going from whole indices I will be looking at undervalued sectors within them and investing in ETFs associated with them or a handful of stocks.