5 Quality Stocks You Can Still Buy at Reasonable Prices

S&P is at 23x earnings, margin debt is at 20-year highs, no-revenue stocks are soaring, and FOMO is driving the rally. Here are 5 quality companies still trading at reasonable prices.

“When everybody goes insane, staying sane is your competitive advantage.”

—Charlie Munger

I cannot think of any quote better than this to start this post. If somebody asked me to summarize the markets in one sentence, I would say—everybody is going insane.

• S&P 500 is trading at a historically high 23 times earnings.

• The number of leveraged ETFs is breaking …