Voting Machine Versus Weighing Machine
For years, academics and even some investors, have argued that the stock market is efficient because it prices in “all the known information.” If this theory is correct then the stock market today is accurately valued. Do you believe that? Or are we at the top of the market and it’s time to get out?
Please click here to view the Summer 2013 newsletter.This material was created while Al Boris was at a previous broker/dealer and has been rebranded to reflect his current firm, Alex. Brown, a Division of Raymond James. It is provided for historical purposes only. Investors should not act on the historical comments which do not reflect current market conditions.
