October 2010

Macroeconomics and Price/Earnings Ratios

October 14, 2010

Is the stock market cheap or overpriced? We hear conflicting pronouncements daily on CNBC and other media outlets. The pessimistic camp believes the broad domestic and international economic scene is weak and weakening and therefore, almost all common stocks are overpriced. Historical price/earnings valuation criteria in this negative environment for this group are mostly irrelevant. [...]

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Market Outlook – Slow Growth, No Growth and Unemployment

October 6, 2010

In August the government said unemployment in the United States increased to 9.6% of the total United States labor force. For the headline reading public, percentages, as bad as they might be; are more soothing in their impersonal nature than actual numbers. The U.S. labor force is estimated to approximate 154 million people. An unemployment [...]

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