Defensive Stocks When Stocks Are Overvalued
By Floyd Saunders, The Author of Five Paths To Wealth, Family Financial Freedom and Figuring Out Wall Street. You may have notice that many investors like Warren Buffett are setting on huge piles of cash, waiting for the next market crash and then they will jump in and start buying the best companies at huge discounts. They are of course missing one of the longest running bull markets in history. Stocks by any measure (most commonly the price earnings ratio) are overvalued.