This could very well be setting up like a tug of war between favorable seasonals and elevated multiples, with possible retest of make-or-break 2120 on the S&P 500 large cap index. Going back to 2009 when the bull market erupted, … Continued
We are in uncharted territory! On so many levels. As you will see in the charts below, many valuation metrics are stretched. The nation’s debt load just rose to a new high. At 1Q15, the total credit market debt outstanding … Continued
Chair Yellen brings up issue of “elevated” P/E and P/S ratios In 1996 and 2014, markets ignored Fed chiefs’ valuation warnings Tight R between SPX and operating earnings, which probably peaked in 3Q14 One of the nuggets in Federal Reserve … Continued