"Richard Bernstein" is an United States/American journalist, columnist, and author. He writes the Letter from America column for The International Herald Tribune. He was a book critic at The New York Times and a foreign correspondent for both Time (magazine)/Time magazine and The New York Times in Europe and Asia.

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We think there is a strong contrary message, ... at a record pace across nearly the entire industry.

S&P 500 valuations, by some measures, are near or at all-time highs.

People say these companies are closely held and that the executives are trying to diversify, but why now?

We continue to believe that longer-term investors should focus on yield.

The day that you should be concerned about the market is a day when there is no fear about what's going on. Certainly we have innumerable negatives that people can point to right now. I would argue that's actually quite healthy.

Our students just got hit with an 18.5 percent increase in tuition, and now gas prices are causing a crisis. We are going to lose students on the edge. They cannot deal with all these increases all at once.

They could have diversified their holdings 2, 5 or even 10 years ago.

There has been record insider selling within the last 10 months across a broad range of homebuilding companies despite very few sell ratings by Wall Street analysts and the general perception by investors that the stocks are undervalued.

If you're in the equity market, you want to focus on the largest cap, highest quality companies.