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Tag Archives: equity valuation
Get Set for Fed Rate Hikessssss
Item: In a major new report, a blue-ribbon panel of economists estimates that if all the brain power expended over the past 20 years forecasting the next move by the Federal Reserve had, instead, been used for productive endeavors, U.S. … Continue reading
Posted in Uncategorized
Tagged China, equity valuation, Federal Reserve, inflation, manias, monetary policy
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Stocks Are Expensive, Offer Mediocre Risk / Reward
Using $124 S&P 500 EPS for 2015, the forward PE of the market is 16.8x, which seems reasonable compared to the 17.1x average PE since 1989. Unfortunately this comparison is misleading for two reasons: The average since 1989 is inflated … Continue reading
Posted in Uncategorized
Tagged equity valuation, PE ratios, S&P 500, stock market, stock market cycles
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