PUT ME IN THE ALUMINUM BULL CAMP
The 'tourist has finally found a company he can get excited about
The other day I was lamenting the lack of opportunities in the US equity market. As you folks know, I am worried about valuations and the potential of the economy rolling over. I can’t bring myself to pay 22x NTM EPS for the S&P 500 at what I think will be pretty close to peak earnings (for this cycle). As I complained to one of the smartest hedgies I k…