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Dan Ferris: These 3 indicators say the market is expensive
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Thursday, September 03, 2009
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By Dan Ferris in DailyWealth:

Everybody wants to know what the overall stock market will do next. Will it rise more? Will it fall? If it falls, will it be a small dip... or a giant crash?

Investors who think about questions like these too much aren't investors at all. You don't get to know what the stock market will do next. No one does, at least not often enough to profit consistently from it. Over the short term, the stock market is a random walk. You never know which direction its next step will be.

The antidote for the universal obsession with the market's ups and downs is learning how to think about its valuation. Here are the three numbers to watch...

Read full article...

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Topics: Dan Ferris | DailyWealth | Stocks
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