What are you advising investors to do at a time when the bulls are in control?
This is an unusual phase in the markets in the sense that if you look at trailing valuations, I do not think that we have seen similar sort of numbers on price to earnings basis, at least not in my working history of 20 years. I am pretty certain that prior to that, these kinds of valuations were not seen in the markets. But that would be only half the story because what it does not tell you is how ..
