Cheap:
http://www.ritholtz....his-is-bullish/
This is a good fundamental valuation measure of value for stocks.
stocks are the most compelling valued asset. Where else are you going to put cash with the FED running a negative real rate.
Long with stocks @60 level (approx.).
Equity risk premium is high
Started by
fluid
, Jul 17 2013 02:16 PM
2 replies to this topic
#1
Posted 17 July 2013 - 02:16 PM
#2
Posted 17 July 2013 - 02:29 PM
Tough being a bear when cyclical chemical stocks are breaking out to new highs.
[attachment=21256:dd0717.png]
#3
Posted 17 July 2013 - 02:52 PM
I added some longs today. Given the pervasive bearishness I imagine next 5% is to upside. I have stops in place as the market has rallied a lot and nothing goes up in a straight line, or does it????
Long 20 ES, stops 60 level on the lot.