Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Spekulatius who wrote (40701)	12/18/2010 8:38:26 PM
From: Spekulatius	Read Replies (3) \| Respond to of 78751

What a boring and overvalued market. I have not done any trades for almost 10 days which I think is a multi year lull for me in terms of activity. The overall market looks very richly valued with substantial bubble in Momo stocks, REITs, MLPs, small cap crap and selected industrials. in fact looking into those classes, the market multiple is higher than it was in 2007. The problem is that this high multiple does not pay investors for the high (imo) risk that things will become unhinged again, this time related to public debt, which has replaced private debt. I do see some value in Japan (most 2nd tier stocks) and some utilities and some regional bank stocks (the latter will benefit from a lot of acquisition activity in 2011) and maybe some oversold defense.I'll try to avoid further sales this year but I am 35% cash and and have hedged some longs with short positions.