Jerome Powell's comments on high US equity valuations led to a dip in the S&P 500 this week. The Shiller CAPE ratio and other metrics show the Fed chief is correct that valuations are high. Yet, rich valuations may not mean pain ahead for investors if earnings remain strong. Federal Reserve Chair Jerome Powell caught investors' attention on Tuesday when he said that the US equity market is "fairly highly valued." While it's never nice to hear the Fed chair speak in less-than-bullish tones, Powell' ...

Over the past five years, stocks have only gained once in September.No matter what the market is doing, it's a great idea to keep an eye on the moves of Warren Buffett. He's proved his understanding of stocks over time and his ability to translate that into investing success. The top investor has sat at the helm of Berkshire Hathaway for nearly 60 years, and over that time period has helped drive a compounded annual return of about 20%. That far outshines the S&P 500 (^GSPC -0.32%), which delivered a 10% su ...