As Rare as the Loch Ness Monster, Equities at a 10 P/E

By Jeff Weniger, CFA, Head of Equity Strategy “Nessie.” That’s the nickname for the lake-living, reclusive beast that has lured spellbound tourists to a fabled Scottish lake—Loch Ness—for decades. This raging stock market has gotten to such a point that you could be forgiven for thinking the Loch...