The economic fundamentals of this asset just do not support current depressed valuations. (matterfamilyoffice.com)
Historically, «cyclical» market fluctuations have occurred in the context of much longer transitions from extremely rich valuations to extremely depressed valuations. (hussman.net)
Although there is typically some issue depressing valuation, it appears that what one is giving up is more than offset by attractive growth rates and returns on investment. (valuewalk.com)