John Mauldin: “Nobody’s holding a gun to your head” on stocks
Courtesy of Edward Harrison at Credit Writedowns
John Mauldin believes we have just seen a pretty amazing trading rally aka cyclical bull/bear market rally. Stocks are more than 60% above March lows. But many stocks are at “nosebleed” valuation levels and that makes him suspect this is not an opportune entry point for stock market investors.
He counsels utilities (like Bill Gross) or fixed income (like me). Gold is another market I like (though the run-up of late and the violent pullback should have you concerned).
See the video below for John’s comments in full (Hat tip Barry Ritholtz).
