Beware “nosebleed” valuations, says Mauldin

 EmailPrint This Post Print This Post

John Mauldin of Millennium Wave Investments says (via Yahoo Finance – Tech Ticker) long-term investors should ignore the temptation to get a piece of the stock market action. In his view there is only one metric to consider: valuations. At this moment, stocks are too rich for his blood – “nosebleed” is the term he used.

Mauldin said: “There’s lot of other things you can do while you’re waiting for valuations to come down.” According to Yahoo Finance – Tech Ticker, his recommendations include fixed-income and dividend-yielding utility stocks. He also thinks buying real estate for rental income is a smart move now that housing prices have come down so dramatically.

Source: Yahoo Finance – Tech Ticker, December 4, 2009.

Did you enjoy this post? If so, click here to subscribe to updates to Investment Postcards from Cape Town by e-mail.

OverSeas Radio Network

Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>




Top 100 Financial Blogs

Recent Posts

Charts & Indexes

Gold Price (US$)

Don Coxe’s Weekly Webcast

Podcast – Dow Jones

One minute - every hour - weekdays
(requires Windows Media Player)
newsflashr network
National Debt Clock

Calendar of Posts

December 2009
« Nov Jan »

Feed the Bull