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Only the VALUATION has changed

In recent weeks as the market has moved into correction status, it’s important to remember that the fundamentals haven’t changed- only the valuation.  The S&P500 is still likely to earn around $124 this year.  Last month investors were willing to pay a higher premium, more than 16.5 times forward earnings.  Today the valuation has dropped below 16…but the fundamentals remain the same.

Investor sentiment is a fickle thing.   The market is currently at a FAIR VALUATION but not a BARGAIN.

Speaking of a bargain:  Matthew from Mai Thai Coffee has made a generous offer to GIVE AWAY two 14oz bags of delicious Mai Thai Coffee (Honey Process & Special Blend- for more information about their coffee see:  https://maithaicoffee.com ).  To be in the drawing, just reply to this email no later than 9/6/2015 at 11:00pm pacific.  The winner will be announced during an episode of the Wealthsteading Podcast.

Range bound lower valuation 150831


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