Bubble Alert: We’ve Passed 2007 and Are On Our Way to 1999
The US stock market is officially in a massive bubble based on the one valuation metric that cannot be faked. Corporations can engage any number of accounting gimmicks to juice their earnings, cash flow, and dividends… for this reason P/E, P/CF and P/DY ratios are all suspect when it comes time to value a corporations.
The post Bubble Alert: We’ve Passed 2007 and Are On Our Way to 1999 appeared first on Gains Pains & Capital.
Source: http://gainspainscapital.com/2017/04/26/bubble-alert-weve-passed-2007-way-1999/
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