Day: March 12, 2026

[…] Effectively, in our way of viewing, the U.S. stock market, as represented by the S&P 500 Index, is in a two-strike count. Valuation, psychology, history and economics all argue that this is maybe the most expensive stock market in history. What this means is swinging for the fences is a bad idea, and wise investors should look to hit the ball where it is pitched. This is where they are given a favorable risk-reward relationship over the next five to ten years. […]