Last few months have seen remarkable change in sentiment. Suddenly everybody is talking about markets again and trying to guess next high. Not only stock markets, other markets like real estate, gold is showing same story. Just few months back world seemed to be so closer to doom at least financial world. Now what has changed? Well it has always been like that. We are now in season of greed after a bout of fear. How it affects us value investors? Life becomes difficult now as search for value gets difficult. There is hardly any asset class where you can find value. Just look at real estate, rental returns on my home is 2-3%. i don't understand why should I buy a house. Stocks have simply doubled or tripled in few months with out any increase in earnings or surety of growth. So these days I feel it is better to watch market from sidelines. Keep your buying list ready for one day this bubble will also burst and then you can buy on fire sale prices.
No comments:
Post a Comment