by Gary Gordon | Dec 8, 2020
How ludicrous are current stock prices? Consider the following charts: (1) Traditional Indicators. Four prominent measures — PE10, Crestmont PE, Q Ratio, Regression — have collectively catapulted more than 3 standard deviations above a mean. The average of...
by Gary Gordon | Dec 4, 2020
The disconnect between Wall Street and Main Street continues to widen. Bubble-priced stocks have been rocketing anew, yet fewer individuals are participating in the labor force. How bad is it? You’d have to return to the turbulent 1970s to uncover a...
by Gary Gordon | Dec 1, 2020
Corporate insiders are selling shares in monstrous amounts. The unusual level of activity suggests that executives are wary of overvalued stock pricing. In contrast, retail investors and fund managers alike are exceptionally bullish on stocks. For instance, fund...
by Gary Gordon | Nov 24, 2020
Jim Cramer, the boisterous TV host of CNBC’s circus-like investment show, “Mad Money,” rarely bad-mouths the stock market. You can count the number of times he has expressed concern about irrational investor exuberance on one hand. Today, however,...
by Gary Gordon | Nov 20, 2020
The investment community is not only willing to look beyond virus vaccination to economic nirvana, it is also willing to ignore extraordinary stock overvaluation. Consider the price-to-revenue metric. At 2.7x corporate sales, stocks have never been frothier. Another...
