Tag Archives: S&P 500 valuation
Did Today’s Flow of Funds Report Predict the Fed’s Next Confession?
In return for speaking fees reported to be “at least” $250,000, Ben Bernanke confessed a few of the Fed’s missteps while speaking to guests of the National Bank of Abu Dhabi on Tuesday: “Bernanke says he underestimated impact of subprime … Continue reading
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Tagged Ben Bernanke, flow of funds report, FOMC, household balance sheet, Internet bubble, National Bank of Abu Dhabi, portfolio balance channel, S&P 500 valuation
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Why Stock Prices Are More Stretched than You Think: A Tale of 3 P/E Multiples
Update: The charts below are based on reported earnings, which I converted to constant 2013 dollars using the CPI. Back in May, I suggested the stock market was showing some signs of froth, although “maybe in the same way that froth … Continue reading
