Are Stocks Too High
Ever since World War II, stocks have always risen in a presidential election year-two thirds of those years at a double-digit percentage pace. But this time, even the optimists are capping their Dow forecasts at 3600. That’s up 9.6 percent from last week’s 3285 close-low, compared with the prospects overseas. Now more than ever, you should add foreign stocks to your regular investment plan. Individuals decidedly favor U.S. stocks. In the six months ending in April, a record $68 billion flooded into stock-owning mutual funds, much of it fleeing low-interest bank accounts, money-market funds and similar investments....