It isn’t just quantitative easing that is responsible for driving some stocks well beyond their intrinsic value. Many other stocks are overpriced because they are perceived as safe — legacy companies that aren’t likely to experience huge volatility.
The problem? Many of these aren’t truly safe anymore.
Meanwhile, a number of other stocks have just gone way past intrinsic value because of momentum.
It’s the kind of thing that helps a market to 20%-plus returns in less than a year. But it’s the kind of thing that investors need to be aware of, and take action around.
Specifically, if you own any of these overpriced stocks, I’d ditch them now. There are better places to put your money.
Here are five stocks to sell right now: