Is this the best buying opportunity for stocks in years?

With its recents falls, the FTSE is looking cheap. It's now trading at less than ten times earnings. But is that cheap enough to buy? Bengt Saelensminde looks beyond the headline figures to find out whether now is the time to dive in.

Fear can certainly send the markets to cheap levels. Today, I want to show you two reasons why I think we're almost there with the FTSE.

Problem is, cheap can still get cheaper. I don't know if we've hit bottom yet. So I'm not committing my cash reserves for the moment.

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

Bengt graduated from Reading University in 1994 and followed up with a master's degree in business economics.

 

He started stock market investing at the age of 13, and this eventually led to a job in the City of London in 1995. He started on a bond desk at Cantor Fitzgerald and ended up running a desk at stockbroker's Cazenove.

 

Bengt left the City in 2000 to start up his own import and beauty products business which he still runs today.