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by John Mauldin
Gold Seek
A recurring theme in my letters is the various ways in which we can go about determining valuations for stocks and other investments. My good friend Steve Blumenthal has gathered a number of charts from various authorities showing different ways to look at valuations for today’s US stock market. He topped it off with some very good estimates of forward-looking returns on total US equity portfolios. He is not arguing to get out but rather to be aware of where we are and to temper your expectations for the future. Steve writes in an easy, fluid style that I think you will enjoy as this week’s Outside the Box.
I’m in New York and on Monday was part of the closing-bell ceremony at the NYSE, where Monty Bennett, the chairman of a new public company (whose board I am on), Ashford Inc., rang the bell before we headed over to Bobby Van’s to hang with the Friends of Fermentation. I got to spend some quality time wioth my friend Art Cashin (more below).
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