Beware of Sideways Markets
Investors piling into U.S. equities to take advantage of the recent runup in prices may be in for an ugly surprise. In the past, sideways markets have started when valuations were at levels much like today’s.
Vitaliy Katsenelson
May 28, 2013
Pedestrians pass in front of the New York Stock Exchange (NYSE) in New York, U.S., on Friday, March 15, 2013. U.S. stocks fell, sending the Dow Jones Industrial Average lower for the first time in 11 days, as a report showed consumer confidence unexpectedly fell in March. Photographer: Scott Eells/Bloomberg
Scott Eells/Bloomberg
