Gone4Good
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Sep 9, 2005
- Messages
- 5,381
US Stocks Cheapest since 1990
This guy . . .
Or this guy . . .
This guy . . .
The benchmark gauge for American equities is trading at 14.2 times forecasts for its companies’ profits, lower than any time since 1990 . . . Income is beating analysts’ estimates by 22 percent in the first quarter . . . “The stock market is incredibly inexpensive,” said Kevin Rendino, who manages $11 billion in Plainsboro, New Jersey, for BlackRock, the world’s largest asset manager. “I don’t know how the bears can argue against how well corporations are doing.”
Or this guy . . .
David Rosenberg, chief economist of Gluskin Sheff & Associates Inc., says U.S. stocks are poised for losses because they’ve become too expensive. The S&P 500 is valued at 22.1 times annual earnings from the past 10 years, according to inflation-adjusted data since 1871 tracked by Yale University Professor Robert Shiller.