< I would think that he defined "hottest" based on what the people were buying and trumpeting. If he were to be looking at the underlying fundamentals, he would be picking stocks, not studying and reporting on what the investing public was chasing at that point in time. >
Well, then, as I said, I would then ignore the study, --> For my purposes and my style of investing <-- Important point there. That's not how I buy stocks, and my holdings tend not to get that far out of whack, valuation-wise (although recently some of them got pretty rich). I put weight in PEs and valuations vs. growth rates, and don't personally think I'd get caught in that trap. Since I'm too young to have a track record for the previous bears, I guess we'll have to wait and see if I'm right.
Good luck to all,
Bob |
