From Crisis to Crisis
June 16, 2010 at 1:56 am Leave a comment
Here’s a good summary of the current state of the market. The author argues that stocks are still 35% below their 2007 peak and about where they were 11 years ago. Yet, in that time period, corporate earnings doubled, and interest rates have halved. Compared to bonds, stocks earnings yield is now the most favorable in the last 30 years.
Entry filed under: Market Conditions.
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