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Ghost of Igloi
RE: Down goes the Dow
I'm,

Thanks. Common sense can tell you a lot. But the data is pretty clear. The market has been in roughly the same range since November of 2014. Earnings peaked in this cycle 3rd Quarter 2014 and are down 18.5% since then, yet the market multiple has gone up. If you want to read a balanced view of stock valuation metrics from a historical perspective Google "Ted Berg, OFR 'Quicksilver Markets.'" The OFR is Office of Financial Research set-up by Dodd-Frank in the Department of Treasury.

Igy

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