AN HISTORICAL PERSPECTIVE
As we all know the stock market is famous for fluctuating between periods of undervaluation and overvaluation. When we have a period when a part or sector of the market becomes extremely overvalued and approaches mania, it can be very interesting for investors as it creates opportunities in the undervalued broad market outside of the expensive sectors. Some examples of these periods and the opportunities they create are discussed below.
1968. The entire market became euphoric and overvalued as the economy grew very rapidly on the back of double stimulus of the Vietnam war spending and . . .
Continue Reading: October 4, 2000
