Saturday, March 6, 2010

Earnings versus Market Movements

"Markets around the world have moved into rather expensive territory after the large rally experienced since March last year. While short-term market movements are by their nature unpredictable, it’s my opinion that the patient and conservative long-term investor should sit on the sidelines at the moment until low valuations present themselves. I am not advocating timing markets, but rather the patience necessary to wait for good opportunities in terms of price and valuation to emerge."

See more here.