Is this a little correction in the long upward climb of stock prices? Is it a pause in humanity’s march to perfection? Or is it a resumption of the bear market that began 2 years ago?
February 1st, 2010 | Bill Bonner | 1 comment | ContinuedAll Posts Tagged With: "corporate earnings"
A Bull Market That’s Missing Parts
For example, corporate earnings are missing. P/E ratios are rising far above the corporate earnings that support them. This puts the market 35% overvalued, on a cyclically adjusted P/E basis, says Smithers & Co.
October 2nd, 2009 | Bill Bonner | 3 comments | Continued
