price-to-earnings

Valuations Matter

February 10, 2016

I’ve been writing for a couple years now that much of the appreciation in stock prices over the past six-plus years has been the result of central bank largesse, and [...]

Irrational Exuberance?

May 21, 2015

We’ve stated repeatedly that a massive amount of stimulus has been required to generate GDP growth of just 2.0%-2.5% annually since the end of the Great Recession [...]

Side Effects

December 1, 2010

“In rare instances, men taking VIAGRA reported a sudden decrease or loss of vision. If you experience sudden decrease or loss of vision, stop taking VIAGRA and call a [...]