BCA: High Odds for Stock Market Bubble Next Year – Financial Sense

A global resynchronized recovery is good news for corporate profits. But better profit growth is no longer news for the stock market because the S&P 500 has already discounted a 10% increase in forward earnings in the next 12 months. Therefore, if stock prices make continued advances, the expected price gains will have to primarily come from a multiple expansion.U.S. […]