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Podcast: Money Life with Chuck Jaffe
Episode: Crossmark's Doll: Market valuations are too high, priced for perfection
Description: Bob Doll, chief investment officer at Crossmark Global Investments, says that stock market valuations are extended to the point where "things need to be nearly perfect to justify those valuation levels." He is finding much better valuations internationally, noting that "Non-U.S. equity markets are cheap relative to the U.S. by an amount we have never seen before," which is why he is suggesting investors start nibbling and dollar-cost averaging into foreign markets now. Doll also reviews his annual list of 10 forecasts for the calendar year and sizes up where his forecasts stand after the mid-year point of...