Reported 6 months ago
The S&P 500 has broken 24 record highs in 2024 driven by factors like anticipated interest rate cuts and AI excitement. The article warns investors against avoiding stocks for fear of a market correction, citing historical data showing the market tends to push even higher after reaching an all-time high. It also cautions against ignoring valuations when buying stocks, highlighting the dangers of getting carried away by stock market momentum and buying overpriced stocks. Investors are advised to consider a stock's intrinsic value and historical ratios before making investment decisions.
Source: YAHOO