Deutsche BankStocks have soared a staggering 26% this year, far outpacing earnings growth.
And when stock returns outpace earnings growth, then the price-earnings (PE) multiple is expanding.”Year to date, 75% of the S&P return has come from its PE expanding to 16.5x from 13.7x trailing EPS at 2012 end,” wrote Deutsche Bank’s David Bianco in a recent note to clients.Forecasting what […]
Where have the stock market bears gone?With stocks near all-time highs, the bears have definitely been toning it down.Even the vocal bears are warning stocks will go up before coming down.Trader Steve Cortes tweeted this chart of Investors Intelligence’s latest survey of bulls and bears. The percentage of bears in the market is at an incredibly low level.It’s worth noting […]
Where have the stock market bears gone?With stocks near all-time highs, the bears have definitely been toning it down.Even the vocal bears are warning stocks will go up before coming down.Trader Steve Cortes tweeted this chart of Investors Intelligence’s latest survey of bulls and bears. The percentage of bears in the market is at an incredibly low level.It’s worth noting […]
REUTERS/BeawihartaThe bull sarcophagus containing the body of Tjokorda Gde Agung Suyasa, a member of Ubud’s royal family, burns during the Pelebon procession, or The Royal Cremation Ceremony, in Ubud, on the Indonesian island of Bali, July 15, 2008.Everyone’s talking about the risk of an impending stock market crash.
Even the bulls are warning that stocks might fall before rising again.While it’s […]
