With stocks at all-time highs, value picks have become a lot more difficult to find. The current Shiller PE Ratio for the S&P 500 comes in at 24.53, a level that is far above the mean of just under 16.50, but well below the maximum reading which was 44.20 and was seen in December 1999.
Meanwhile, according to barchart, more than 130 stocks hit their all-time highs in Friday trading, further underscoring the soaring trend in the marketplace.
If this wasn’t enough, Warren Buffett has also thrown his two cents in, declaring in a recent interview on CNBC that stocks are ‘more or less fairly priced now’.
"We don't find bargains around but we don't think things are way overvalued either,’ said Buffett. “We're having a hard time finding things to buy."
Still, despite many stocks rising to unseen levels—and some skepticism from one of the most-respected names in investing—equities continue to rise. And with the Fed holding off on tapering once more, many investors see no choice but to go with the flow and buy stocks across the board.
But what about you?
Do you think that stocks are fairly priced now, or are there still gains to be had?
Which sectors/nations are you focused on in this environment?
Let us know in the comments section below!
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