10 Years After

The U.S. stock market has been roaring for the past eight years and counting. Since bottoming in March 2009, the total returns for investors have been consistent and robust. But it has come in an environment where the underlying economy and corporate earnings have been lackluster at best. Thus, with stock prices growing much faster than underlying earnings for so many years, the market has become expensive not only on a short-term basis but also from a long-term perspective. And, this has important implications for the expected returns from stocks over the next decade as this valuation premium is worked off.

Please click on the link to read more on Seeking Alpha

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: