How attractively are shares now priced?
What a key valuation measure says about buying the dip
Everyone knows, or thinks they know, the advice of Warren Buffett to investors: that “they should try to be fearful when others are greedy, and greedy when others are fearful.” After share prices in America plunged firmly into bear-market territory (defined as a fall of 20%-plus from a recent peak) in June, some will be starting to wonder whether there is enough fear in the air to warrant their being greedy.
This article appeared in the Finance & economics section of the print edition under the headline “After the fall”
Finance & economics June 25th 2022
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From the June 25th 2022 edition
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