“Are the traditionalists being too cautious? Some well-known Grahamites, after all, considered the market full valued as far back as two years ago. Clearly, something is going on that the old analytical concepts cannot account for.”
You could have written this article today and not had to change more than a dozen words or so. By the way, 14 trading days later the Dow Jones crashed 23% in a day. Have a nice afternoon.
h/t James Willhite