The New York Times recently reported a drop in champagne sales in all the top markets, particularly the United States, Britain and Japan. When champagne sales are going down and prices being cut, even in the midst of a 60-percent-plus rally in the...
Asian stocks have soared this year. Now the average Asian fund sells for a price-earnings multiple of 13, compared to a figure of 10 for European funds, according to Morningstar. Are the highflyers due to crash? Perhaps. But the booming markets of...
While the markets may be buoyant, this is a time for caution. Some funds now seem richly valued as suggested by dividend yields and price-earnings ratios. Investors should be wary, underweighting the pricey funds described below—or staying...
