Salient to Investors: The S&P 500 is at 14.9 times reported earnings versus the average 16.3 multiple since 1954. Michael Price at MFP Investors says the U.S. is the most attractive stock market because of the strength of corporate balance sheets, low interest rates and valuations. Price said it’s very early for European stocks. Read the
READ MORE... →Salient to Investors: Michael Price at MFP Investors said five of the six biggest U.S. banks are selling at or below tangible book value, meaning the pieces are worth more than the whole, including some wonderful assets. Bank of America has traded below book value since 2009, Citigroup since 2010. Ken Fisher at Fisher Investments, underweight bank stocks
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