S&P500 now at 1900 and has seen little to no correction. And when everyone seems to be scratching their heads on why market is witnessing no correction - Jeremy Siegel, Wharton professor thinks markets are still cheap.
Logic: Valuation should be looked in context. One should not compare market trading at 16 times to past instances because then interest rate was 6 to 7% and not 2.5% as they are today. Low interest rate environment makes the market cheap. Hainjee