by Gary Gordon | Dec 15, 2020
The consistent media refrain is that lower interest rates justify higher stock valuations. Is it true? Or is it an excuse for encouraging bubble-like speculation in riskier assets? Historically, there have only been two periods to examine ultra-low rate phenomena. The...
by Gary Gordon | Dec 11, 2020
This is a world where more and more people will need to rent rooms in their homes to make ends meet. Indeed, corporations like AirBnB stand to benefit. However, a number of 2020 IPOs have catapulted more than 100% on the first day of trading. This has occurred despite...
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 | 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,...
