http://stockmarketbeat.com/blog1/2006/09/27/break-out-the-bubbly/ Our beat: The stock market. Our job: Beat it. Tue, 03 Jun 2008 15:36:49 -0600 http://wordpress.org/?v=2.8.1 hourly 1 http://stockmarketbeat.com/blog1/2006/09/27/break-out-the-bubbly/comment-page-1/#comment-3784 Stock Market Beat » Blog Archive » P/E Wave Meme Meets Wall Street Journal Fri, 29 Sep 2006 14:28:50 +0000 http://stockmarketbeat.com/blog1/2006/09/27/break-out-the-bubbly/#comment-3784 [...] P/E Wave Meme Meets Wall Street Journal We have frequently expressed our belief that stock market valuations are undergoing a long-term contraction.  Although many interpret this to mean that we expect lower values (as in a decline in major benchmarks) that doesn’t have to be the case. From 1968-1982 the market traded more or less sideways because the valuations (multiples paid on earnings) declined about as fast as the earnings themselves grew. [...] [...] P/E Wave Meme Meets Wall Street Journal We have frequently expressed our belief that stock market valuations are undergoing a long-term contraction.  Although many interpret this to mean that we expect lower values (as in a decline in major benchmarks) that doesn’t have to be the case. From 1968-1982 the market traded more or less sideways because the valuations (multiples paid on earnings) declined about as fast as the earnings themselves grew. [...]

]]> http://stockmarketbeat.com/blog1/2006/09/27/break-out-the-bubbly/comment-page-1/#comment-3738 Stock Market Beat » Blog Archive » Message from Durables Report: Play Defense Thu, 28 Sep 2006 00:28:38 +0000 http://stockmarketbeat.com/blog1/2006/09/27/break-out-the-bubbly/#comment-3738 [...] The market being in a celebratory mood, little attention is being paid to such gloomy news as the durable goods report, which Briefing.com describes in rather bleak terms: August durable goods new orders dropped a disappointing 0.5%.  There was nothing in the breakdown of the data to provide contrary cheer. Every key category was soft. [...] [...] The market being in a celebratory mood, little attention is being paid to such gloomy news as the durable goods report, which Briefing.com describes in rather bleak terms: August durable goods new orders dropped a disappointing 0.5%.  There was nothing in the breakdown of the data to provide contrary cheer. Every key category was soft. [...]

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