ICStats on 01 March 2015
| PDF said: US will see healthy growth for at least the next couple years. It will be a good time for the stock market. |
US economy is improving, but US stock valuatios are broadly high. I'm not expecting much upside from here; a correction is needed in some segments to allow upside in others.
Over the longer 10 year term there is a lot of pressure against US equity markets due to retiring baby boomers taking money out of risky assets. A recent FED research article says there's a good chance average P/E will head to ~8 by 2025. This compared to average P/E of over 17 now, spells a coming "lost decade" in US stock market: http://thefelderreport.com/2014/12/30/the-most-bearish-bear-youll-find-anywhere-the-fed/
My 8th gen collection
