With the U.S. economic expansion now into a record eleventh year, it’s a fair question.
While U.S. stocks are expensive — over the past few decades, there have only been two periods in which price-earnings ratios were this high — it doesn’t mean conditions are too frothy. While it’s important to know what some of the world’s sharpest analysts are thinking about the economy, the market cycle, and where and how to invest, it’s also worth noting that many others caution against trying to time the market.
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