Emerging markets have gone nowhere for the past 12 years (since 2007). Ironically, they also sport a P/E of 12. Sometimes, we are blessed to get a cheap price and momentum. Perhaps, this meme best sums it up.
In the meantime, S&P 500 volatility has collapsed, giving investors courage.
I'm a factual absolutist. And for me, factual absolutism in a pari-mutuel game, such as the financial markets, necessitates paying attention to trends.
Here's why: Fundamental data is widely reported. However, market prices show the reaction to that fundamental data. And those market reactions, over time,