Mailbag: Are the Equity Markets Getting Kind of Toppy?
This seems to be the question on everyone’s mind these days:
Are the equity markets getting kind of toppy?
The US stock markets have had an incredibly good year in 2013. Through the end of November, 2013 the S&P 500 is up 29.12%.
At the beginning of the year predictions were that 2013 would be a bad year for US stocks. They had appreciated 16.00% in 2012 and everyone was predicting a down year. They were wrong almost immediately. First quarter of 2013 they appreciated 10.61%. Second quarter they were only up 2.91% but the global markets were …
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