Nice article on equity valuations

[cute fuzzy bunny]

http://news.yahoo.com/news?tmpl=story&cid=530&e=2&u=/ap/20050710/ap_on_bi_ge/wall___main

Consensus: equities are cheap, they're too expensive, they're just right.

Someone get goldilocks on the phone...

 

[Cb]

Consensus: equities are cheap, they're too expensive, they're just right.

It's hard to argue with that. I think maybe the thing to do is buy the cheap issues that are headed higher. It's what we call a stock-pickers market.

hth,

Cb

 

[Yipee-Ki-O]

I guess what Harry Truman said in regard to economists also applies to stock analysts; line 'em all up in a row and they'll all be pointing in different directions.