Judge Threats to Put Trump in Prison on Contempt
Let me explain something here where this Judge is out of control and should be stripped of any legal license if not thrown in a dungeon for his treason [...]
Yield v Reason
QUESTION: I see all of these people calling for a major crash of 50%+. With interest rates so low and the dividends on the Dow twice that of interest rates, does anyone look at yield anymore?
PH
ANSWER: I fully agree. The yield on the Dow Jones is 2.34%, which is about comparable the 10-year rate. Back in 1983, I presented these two charts that show the earnings and book value of the Dow Jones Industrials. The majority were calling for a crash and our computer warned of a Phase Transition and a 600% rise in the Dow. I was blamed for creating the takeover boom, but it was clear that the earnings were at least 5% and the stocks were trading out of a major historical low on price v book value. So earnings do come into the mix.
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