Markets overshoot both to the upside and the downside. I re balance my portfolio allocations of equities and cash depending on which side they are on. I do this to preserve capital and have cash for corrections or crashes that give me better stock prices. As Buffet says I want be greedy when others are fearful and fearful when others are greedy. Graphs in the video are provided by Gurufocus.
Also you can go to http://www.starcapital.de/research/stockmarketvaluation and click on the various valuation buttons to see which countries have the best value for their market.
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