Is the market overpriced? My friend Ed taught me The Rule of 20. Add inflation to the P/E of the S&P 500. If it’s under 20, the market is not overpriced. The P/E is about 17.5. Inflation is under 2. Bingo, we’re under 20. In good shape. Stocks I’m eyeing include Costco, Caterpillar and Visa […]