Martin Armstrong writes….
The answer is YES!!!!! His little nitch was good from the ’80s for the market was UNDERVALUED and as such being a “value investor” was appropriate for that time period. The markets have shifted to capital preservation, which has also inspired the corporate buy-backs. Value Investing is now fading. Capital is shifting because of currency, risk in other countries, and none of this has to do with simplistic earnings.
Welcome to the new trend of Country Risk. You have to now keep your eye on all the balls flying around. This is not a game of baseball with a single pitcher.
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