How Much of Equity Prices Is Real?

By |2013-03-05T16:38:12+00:00March 5th, 2013|Markets|

The DJIA is at an all-time high, but how much of it is “real”. Earnings growth dropped to negative two quarters ago, so that removes some of the fundamental appeal of a new high. Comparing economic parameters to the last time markets were at these levels does not offer a favorable context either. There are [...]

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