Seeking Alpha
0
All posts from Seeking Alpha
Seeking Alpha in Seeking Alpha - Read, Decide, Invest.,

Mature Tech Stocks Have Earned Respect

(click to enlarge)
In meetings with clients, I’m often asked whether there’s anything cheap left in the U.S. stock market. It’s true that after a six-year bull run, U.S. stocks will have difficulty extending their winning streak. While we don’t believe we’re in bubble territory, valuations for many sectors are high—with P/E ratios driven more by price expansion (the “P”) than by the more meaningful “E” of…