Do Interest Rates Matter?
As mentioned in the last newsletter and by like-minded analysts, current valuations point to an expensive US stock market relative to …
Predicting the Stock Market Using P/E
From the November 2010 newsletter: As the year comes to a close, you will without a doubt see financial magazines and newspapers predicting what the markets will do in 2011 […]
Wall Street’s Earnings Forecasts
Forecasting company earnings is a critical first step in Wall Street’s favorite pastime–predicting stock market returns. As an investor, you are most likely exposed to forecasted earnings when looking at […]
2012 Year-End Valuations
Valuation ratios such as P/E are not very useful in making one year predictions, although they do a fair job of predicting longer-term returns of at least 5-10 years …