overvaluation

Yes, Trauma

By Jeffrey P. Snider|2016-04-25T18:43:43-04:00April 25th, 2016|Economy, Federal Reserve/Monetary Policy, Markets, Stocks|

Economists will not remove themselves from seeing the economy as it “should be” rather than take it for what it is (and what that actually means). They have latched their narrative to the idea that it is you who has the perception problem no matter how isolated the “recovery” becomes. There never was much indication for a decent recovery all [...]

2015 Caused An Earnings Rift, Too

By Jeffrey P. Snider|2016-04-19T12:32:02-04:00April 19th, 2016|Economy, Markets, Stocks|

As the major stock indices overtake or threaten psychological round numbers again (S&P 500 2,100; DJIA 18,000), they have done so with the same problem as occurred in 2015. Stocks have been overvalued for some time in historical comparison especially after QE3 and QE4, but it was supposed to be in anticipation of the full recovery that QE would make. [...]

Stay In Touch

Contact