MPI/Getty ImagesOne of the first things you hear about the stock market are the stories of the great bull markets and great crashes.And when you hear the stories about these dramatic moves, you also quickly hear about the great (and not-so-great) forecasts that preceded them.We like to imagine that there are people who can predict the future. And none are […]
ArchivesThe unsettling market plunges of two weeks ago have stopped (at least for now), and stock prices have recovered a bit. So now everyone’s getting cautiously bullish again.
Everyone except me.I still think stocks are poised to have a decade or more of lousy returns.Why?Three simple reasons:Stocks are very expensive
Corporate profit margins are at record highs
The Fed is now tightening
I’ll go […]
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