John Mauldin: “Nobody’s holding a gun to your head” on stocks

By Edward Harrison On Dec 7, 2009

John Mauldin believes we have just seen a pretty amazing trading rally aka cyclical bull/bear market rally. Stocks are more than 60% above March lows. But many stocks are at “nosebleed” valuation levels and that makes him suspect this is not an opportune entry point for stock market investors.

He counsels utilities (like Bill Gross) or fixed income (like me). Gold is another market I like (though the run-up of late and the violent pullback should have you concerned).

See the video below for John’s comments in full (Hat tip Barry Ritholtz).

Edward Harrison 7783 posts 575 comments

Edward Harrison is a senior Editor at Bloomberg. He is also the founder of Credit Writedowns newsletter, a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.

The drop in unemployment is give back from the prior month

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