Stock Market Valuation Check

September 15, 2017 BY Doug Ramsey

The Major Trend Index has bounced back into positive territory, and we expect an already-expensive U.S. market to make even higher highs later this year and into early 2018. But we are keeping an eye on the Intrinsic Value work to assess the potential losses that might occur when cyclical conditions eventually turn hostile—possibly in later 2018 or in 2019.

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