Earnings and price. They’re supposed to move together. The dramatic disconnect between the price of the Dow and forward estimates is beyond alarming.
Recent Posts
- Darker Before the Dawn
- Buckle Up: Hard Economic Landing Straight Ahead
- Wither the Money Supply?
- A Pause Is Not A Pivot
- The Next Leg Down
- Misreading the Inflation Goblin
- Has the Market Already “Priced In” the Worst?
- Three Things Must Happen
- Wake Me Up When It’s Over
- Bubble Denial
- Stock Valuations Do Not Matter… Until They Do
- Until Something Shatters
- The Worst Is Not Yet Behind Us
- Nobody Knows How the Real Estate Bubble Will Play Out
- Capitulation?
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