Investor’s dilemma: to buy or not to buy

THE Nasdaq Composite Index soared to a record high last week. That is a fact you will either hate or love. If you are already invested, you are reaping the rewards; but if you are not invested so far, you may regret missing out.

Critics often greet market highs with scepticism, arguing that the US stock market is overvalued and is ripe for a correction. While the cynicism holds some truth, it lacks specificity.

Stock market peaks from the past can provide us with clues about what to expect in the future.