Josh Scandlen Podcast

Is the market high, low, does it matter??? In this video I show you some of the JP Morgan research they put out every year for free.  The link is below.  This paper and Vanguard's are really the only two research papers I look look to with high anticipation.  Basically what I'm looking for in JP Morgan's stuff is where we are with valuations.  The 4 most current analytical tools for current valuations are, Price To Earnings ratio, Current Dividend Yield, Price to Book and 10 year Treasury Yield. With those 4 numbers you can get a pretty good idea of your return over the next 5 years because valuations are most important.  Nothing is more important from a future performance perspective than CURRENT valuations, other than an unforeseen event, of course.  Right now, the market is trading at roughly a 16.5 PE, with a 2.20% dividend yield a price to book around 3 and the 10 year is at 2.90% Nothing of these numbers scream OVERVALUATION which many prognosticators continue to say.