NY Judge Forced to Postpone Trump’s Case Until After the Election
The latest video surfacing from a New York Federal Prosecutor’s office says what the entire world knows: that Bragg’s case is BS and that he has brought this case to [...]
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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Market Talk – September 6, 2024
ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 decreased 265.62 points or -0.72% to 36,391.47 • Shanghai decreased 22.51 points or -0.81% to 2,765.81 [...]
The Jobs Number & Russia
The U.S. economy added fewer-than-expected new jobs last month because most economists still refuse to comprehend that there is such a thing as the business cycle. Here we have the [...]
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