Valuations, rising rates and the aging economic expansion have made both investors and fund managers nervous. But the fact is, based on historical data, valuation measures and other indicators aren’t much use in predicting the market’s next move. History shows that using valuation, interest rate trends and the length of economic expansions to make predictions is tricky, according to Sam Stovall, chief investment strategist at institutional research firm CFRA.
from FA News http://www.fa-mag.com/news/why-nervous-investors-should-sit-tight-34158.html
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