My 3 Favorite Stocks to Buy Right Now

Back in the 1970s, the stock brokerage firm E.F. Hutton aired commercials that featured the line, "When E.F. Hutton talks, people listen." That statement is no longer as true as it once was. However, I think we can replace E.F. Hutton with Jerome Powell. Powell, of course, is the chair of the Federal Reserve. When he speaks, the financial community definitely listens. On Tuesday, Powell said something that certainly caught my attention. While giving a speech in Rhode Island, the Fed chief stated that "equity prices are fairly highly valued." He was right. I'd even say he put it too mildly, considering that Warren Buffett's favorite valuation metric (the ratio of total U.S. stock market capitalization to GDP) is at its highest level ever. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool