Jeff Saut On John Templeton’s Advice About The Yuan

In his recent take on equities, published in ValueWalk March 18, 2014, Jeff Saut likened the current bull run to a market for kids, as described in the classic “The Money Game” by Adam Smith.  “The strength of my kids is that they’re too young to remember anything bad, and they are making so much money they feel invincible,” says the Great Winfield in the book.

Nevertheless, Jeff Saut goes on to rubbish market doomsayers’ fears on grounds of not particularly onerous valuations, the great American recovery, biased chart-reading, exaggerated margin fears...