Dan Celia: Valuations Veer into ‘Irrational Territory’; Long-Term Investors Are Best Positioned
July 6, 2020
PHILADELPHIA—The markets opened up this week following a 17th straight week of positive returns. Despite widespread overvaluation, the trend carries a silver-lining for long-term investors, according to nationally syndicated host and biblical investing authority Dan Celia.
“We saw an amazing uptick last week,” Celia said. “There has to be an end in sight somewhere, right? Well, we sure would think so, but it looks like this week could be another great week. It’s pretty amazing that the overvaluation continues to roll on, and it doesn’t look like anything is going to stop it.
“The market seems overvalued partially because prices keep rising even though nothing has been moving with any kind of significance in the economy,” Celia continued. “At the same time, we are beginning to head into irrational territory when it comes to valuations. As investors, we need to consider that as we get into the markets today, it may be we’re getting in at extremely high prices. But even if the market pulls back from these prices, it should eventually come back to these levels for the long-term investor.”
Celia discusses these and other global and economic headlines on his daily, three-hour “Financial Issues” program, heard on more than 660 radio stations and several television networks nationwide, including FISM.TV, viewed on several post-cable television platforms and online.
Read more about Celia, FISM and “Financial Issues” or visit the FISM website, its Facebook page, on YouTube at Financial Issues with Dan Celia or on Twitter @financialissues; download the FISM app here.
To book Financial Issues Stewardship Ministries’ Dan Celia, contact Media@HamiltonStrategies.com or Patrick Benner, 610.584.1096, ext. 104, or Deborah Hamilton, ext. 102.