The big valuations for trendy stocks may not be justified
News about: “Best Buy Co Inc (NYSE:BBY)”
Some 83% of S&P 500 stocks are trading above their 50-day moving averages.
Apple has a low PE, an incredible balance sheet, and potential for further growth.
I will be far more discerning about taking new long positions.
The success or failure of Best Buy founder’s buyout effort is key.