Ben Spoke And We Went Into A Dream

Many investors are understandably concerned. After nearly seven years in the third longest bull market in history, the U.S. stock market is looking like it may finally be drawing toward a peak. Corporate earnings growth has turned lower, margins are compressing and the economic outlook remains sluggishly mixed at best. In the midst of this bumpy environment, the U.S. Federal Reserve is showing long overdue determination to finally lift interest rates off of the zero bound. And with the high yield corporate bond space under increasing stress and the commodities complex collapsing lower, the threat of a liquidation event suddenly rocking the stock market is rising. All of this raises the following worthwhile question to consider. How much are the markets artificially inflated? And if the stock market were to unwind, what are at least the initial excesses that would need to be worked off?

Please click on the link to read more of my article on Seeking Alpha.

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