A Company That Performs in all Markets

“It is no different than going to the store and seeing a pound of hamburger sitting there and paying a premium for it over what you were willing to pay at the beginning of the year. It is no more complicated than that. If you looked at 2014′s returns you will see that about half of the 10 percent return, that is 5 percent of it, has come from the fact that people are willing to pay more for stocks. So, the fact that the market has increased a whopping 42 percent over the last 18 months, most of that is due to the fact that people are just willing to pay more for stocks and that is something that can go on for a while butit cannot continue. It is not sustainable. It will not hold the stock market at its lofty levels.”

 

http://www.moneyandmarkets.com/company-performs-markets-65134

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