Miniature models of a bull and a bear stand on display at the Frankfurt Stock Exchange in Germany. (Photographer: Krisztian Bocsi/Bloomberg)
The state of the economy is of little consequence to a churn in the markets, but valuation is paramount, according to Ravi Dharamshi.“The reason why markets might turn, despite the economy doing badly, is that we will hit such a trough in valuations that people will stop thinking about the next six months and start thinking about the next three to five years,” said the founder of portfolio manager ValueQuest Investment Advisors on th...