Friends,Regardless of the enthusiasm each new day's headlines bring, my cautious optimism is tempered by the reality of economic news which continues to flash cautionary signals. In fact, two of the most trusted metrics for determining The Market’s under valuation, neutral valuation, or overvaluation (the Schiller P/E & Buffet Indicator) both show a Market that cannot be supported by economic facts.I review both in today's update.Despite this, there are two undervalued sectors our calculations have identified.These are identified in today's update and I'm initiating an opening position for both in all accounts.Robert

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