Looks can be deceptive

Though a lot of water has flown under the bridge since the 2008 crisis, more than a handful of large caps are still quoting at 77% to 95% discount to their all-time highs. It’s not surprising that stocks,  right from financial services to the all-encompassing infrastructure space, continue to languish. If the Euro crisis played its part, closer home, policy inaction and rising rates have proved to be a big dampener. While valuations may appear cheap, there are too many variables at play. And if demand is in question, leverage, too, is playing spoilsport. Barring a few, analysts seem evenly split in their outlook on most stocks. For investors, given that market uncertainty is expected to only increase in the coming quarters, waiting for a better price to enter the stocks wouldn’t be a bad idea at all.