Saturday, December 24, 2016
Tuesday, December 20, 2016
The Market Crooners Are F.O.S. - The Market Ticker
From:
The Market-Ticker.org
https://market-ticker.org/
https://market-ticker.org/akcs-www?post=231730
The Market Crooners Are F.O.S.
"The S&P 500 is trading at historic highs on a cyclically-adjusted P/E basis, and well into "overvalued" territory even on simple trailing earnings. In fact on a CAPE basis the S&P is trading at a higher multiple than either 2000 or 2007!
In other words the entire market is priced for perfection -- higher earnings in the future, a softer currency and no increase in operating -- that means borrowing, given the last few years of history -- costs.
None of those things are likely to be true.
It is an effective impossibility that all of them will be true.
How overvalued is the market? That depends on where you look in the market but 25% overvalued is in fact quite conservative."
Read more here:
The Market-Ticker.org
https://market-ticker.org/
https://market-ticker.org/akcs-www?post=231730
The Market Crooners Are F.O.S.
"The S&P 500 is trading at historic highs on a cyclically-adjusted P/E basis, and well into "overvalued" territory even on simple trailing earnings. In fact on a CAPE basis the S&P is trading at a higher multiple than either 2000 or 2007!
In other words the entire market is priced for perfection -- higher earnings in the future, a softer currency and no increase in operating -- that means borrowing, given the last few years of history -- costs.
None of those things are likely to be true.
It is an effective impossibility that all of them will be true.
How overvalued is the market? That depends on where you look in the market but 25% overvalued is in fact quite conservative."
Read more here:
Thursday, December 15, 2016
Tuesday, December 6, 2016
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