Expensive stocks can always get pricier

 Is This Wildly Overvalued Stock Market Doomed? Yes, but Maybe Not Yet

Stocks are super expensive on just about every measure. That historically has meant low returns in the long run. Hence the dire 10-year forecasts.

But history also suggests no link at all between nosebleed valuations like we have today and returns over the next year. Expensive stocks can always get more expensive, and often do.

 AI, rising earnings and American exceptionalism.

“Investors are assuming all this capital spending will be worthwhile,”

James Mackintosh Wall Street Journal 6 December 2024

https://www.wsj.com/finance/stocks/stock-market-overvalued-forecasts-2025-e073e1d4


Tillbaka till Rolfs länktips 6 december 2024

https://englundmacro.blogspot.com/2024/12/rolfs-lanktips-6-december-2024.html



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