Peter Lynch's "Rule of 20"—which states that the stock market is fairly valued when its trailing price-to-earnings ratio plus the inflation rate equals 20—suggests US equities may be valued correctly now.
Stock markets are volatile and can fluctuate significantly in response to company, industry, political, regulatory, market, or economic developments. Investing in stock involves risks, including the loss of principal.
Technical analysis focuses on market action—specifically, volume and price. Technical analysis is only one approach to analyzing stocks. When considering which stocks to buy or sell, you should use the approach that you're most comfortable with. As with all your investments, you must make your own determination as to whether an investment in any particular security or securities is right for you based on your investment objectives, risk tolerance, and financial situation.
Past performance is no guarantee of future results.
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