Stay long or be wrong on stocks

Stocks may be pricey, but they have further to go – canny investors should continue to buy the least-bad asset class, says Jonathan Compton.

Stocks may be pricey, but they have further to go canny investors should continue tobuy the least-bad asset class, says Jonathan Compton.

Type "equities are expensive" into your browser. You'll get 1.28 million articles from investment analysts setting out historical proof, to "shock jocks" advising the purchase of a shotgun and a bunker for the coming crash. This urge to forecast a crash was particularly evident last month, as the yield on ten-year German government bonds "soared" from 0.05% to a high of 0.78%.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up

Jonathan Compton was MD at Bedlam Asset Management and has spent 30 years in fund management, stockbroking and corporate finance.