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)
- Wal-Mart Shares Soar - November 17, 2017
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- Are Stocks Cheap Because Interest Rates Are Low? - November 14, 2017