Cheap. Yep, that’s the chirping call of the today’s investor. Get it cheap. Cheap as chips. And I’m not talking about the kind that serve as the foundation for a fish supper either.
It’s like a Giant Panda. The stock market, that is. As nonchalant as it is thriving. Chewing its bamboozling way through record highs, and clothed in a Yin and Yang-style battle between positive indicators and negative sentiment.
Last year in October, The Guardian newspaper published an article with a headline that read “Apple’s iPhone Sales Down 5% from Last Year as Analysts Worry the World Has Reached ‘Peak Apple’. So, what’s happened since? Well, Apple turnover (not the cake) is up 28% over the last year, and it’s share price now sits at $160, up 35% since The Guardian’s article.
The latest “black swan” theories include aliens, asteroids and world wars, followed closely by the ever popular CAPE ratio comparisons between right now and the big crashes of 1929 and 2000. The clue is in the phrase “black swan.” You can’t see them coming.