Wednesday, December 23, 2009

Valuation Fundamentals

I have had the feeling for quite some time that there has been over-shooting in the equity markets over the last several months, and in particular the US markets, given the fragility of the recovery.

It is very hard to see in the financial press many people that are worried about this, which is why I was happy to see the piece by Lex in the Financial Times.

If you have seen thoughtful articles on this issue I would love to know about them.

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