With S&P operating earnings up about 10% from their June 2007 levels and prices up more than 35%, investors are either A.) counting on a powerful profits recovery or B.) betting on many more years of ultra-low interest rates to justify today’s prices.
Jeremy Jones, CFA
Latest posts by Jeremy Jones, CFA (see all)
- Arnott on FANG Stocks “You Would Have to Use Implausible Assumptions to Justify Today’s Price” - July 23, 2019
- The Retail Robot War Has a New Front: Groceries - July 22, 2019
- Are you Part of the Herd Inflating the Indexing Bubble? - July 19, 2019