Tag Archives: P/E multiples

P/E Multiples, Deleveraging and the Big Experiment: Sizing Up the Next Bear Market

We last wrote about stock valuation in August, when we looked at three types of P/E multiples and argued that stocks were more stretched than you would think if you only relied on the simplest measure. Since then, we’ve had … Continue reading

Posted in Uncategorized | Tagged , , , , , , , , , , , , , , , | 3 Comments

Stock Prices Are Outrunning Corporate Profits: When Has This Happened Before?

In a recent article titled “Step Right Up and Test Your Central Banking Skills against the Scariest Economy of All,” I encouraged readers to: [Apply] your economic and policy beliefs to early 1928 conditions, and then [ask] how your decisions … Continue reading

Posted in Uncategorized | Tagged , , , , | Comments Off