Patient investors have enjoyed a much deserved windfall over the past 10 years in both growth stocks and global high yield.
The enthusiam with technology momentum has left tremendous bargains for investors with the wisdom to think long term. This week’s program highlights attractive investment categories with quantification of forward cash flows. Amazon actually led the way down in this week’s selloff.
Momentum chasing in the 1990’s ended with a dangerous tech sell off. Finding bargains may be the solution to prepare for the next pullback.
Nasdaq Index 1995 – 2005
-Courtesy of Bloomberg
AMZ vs WTI 5 Year Chart

-Courtesy of Bloomberg
S&P 500, AWF and HYT Total Return for 10 Years
-Courtesy of Bloomberg
S&P 500, AWF, HYT Yields over 10 Years
-Courtesy of Bloomberg