Guru Felix Zulauf to Barron’s: S&P Fair Value is 500

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Regular readers know that our Contrary Investing stance is that we believe we are still in a secular bear market – one that most likely began in the year 2000. Bear markets typically last roughly 14-18 years or so. Which means it’s unlikely we saw a bottom in March 2009. Furthermore, price-to-earnings and other valuation […]

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