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Tag Archives: stock market cycles
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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Gross-Out: End of an Era
The news flash crossed the wires at 8.29 AM. CNBC’s Becky Quick was astounded. Bloomberg’s Tom Keene was stunned. They had to double-check that the William H. Gross joining Janus Funds was indeed THE William H. Gross, bond king, whom … Continue reading
Posted in Uncategorized
Tagged Bill Gross, bond market, John Train, media, stock market, stock market cycles
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