Valuations Are Still Attractive Even As The Market Melts Up
S&P 500’s P/E Ratio Is Still Below Prior Major Market Tops:
We are here to help you make better investment decisions, not bash the Fed (or anyone else for that matter). For years, we have argued that policy makers look at markets first and everything else second. The Fed’s Third Mandate: Markets Everyone wants us to believe that the Fed has a dual mandate: Help…
The Lovely: The Fed Continues Printing $4B/Day! Good: Stocks are strong Industrial production matched estimates and rose 0.4% in August after being flat in July. Read here The consumer price index (CPI) rose by 0.1% in August which missed estimates for a gain of 0.2%.Read here No Taper, Fed stays the course and continues QE Read here…
Conclusion: Not healthy for the global economy or The US stock market or other “risk on” markets. Unless it forces U/Ben to print more. Remember he doubled down in December when $45B/month (QE 3 announced in Sep) didn’t send stocks higher. Russell 2000: Down >400 Dow Points Transports: Down…
The Great Disconnect: Wall Street vs. Main Street The S&P 500 hit a new all-time high this week and topped the psychologically important 2,000 level for the first time ever. The S&P 500 is up approximately 8% for the year, after rallying a very impressive +29% in 2013! If you lived on another planet and…
Right now the world is in nascent stages of a massive economic recovery. There is no question that Asia is playing a pivotal role in that process. Asian economies are currently growing at a very rapid pace. Countries like China, India, Russia, Japan, South Korea and Singapore are experiencing robust economic growth which will eventually translate into more important global power. However, that is years, if not decades, away and it is nothing for the West to fear.
Critics say the practice is inflating some companies’ valuations By TELIS DEMOS, SHIRA OVIDE and SUSAN PULLIAM Updated June 9, 2015 10:41 p.m. ET Hortonworks Inc. Chief Executive Rob Bearden forecast in March 2014 that the software firm would have a “strong $100 million run rate” by year-end. But the number looked a lot smaller…