When domestic and international equity markets tumbled in the first three months of this year, bargain hunters were overwhelmed with possibilities. As price-to-earnings ratios plunged into the single digits, those who follow the Buffett mantra “be fearful when others are greedy and greedy when others are fearful” were presented with one of the best buying opportunities in recent memory. But since March, equity markets have staged impressive recoveries, making good values hard to come by. [click to continue…]
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