Still In Thrall With "Low Vol"

While we wouldn’t go so far as to tar it with the “bubble” epithet, the ongoing investor obsession with "stability" is concerning. Our Low Volatility Index entry price, with a current P/E of 23.1x, is not attractive.

PDF: 

© 2015 Leuthold Weeden Capital Management
Not FDIC Insured. No Bank Guarantee. May Lose Value
Mutual Fund Distributor: Rafferty Capital Markets, LLC, Garden City, NY 11530