Preponderance of Evidence Bad for U.S. Stocks?
August 25, 2014 - Economic Indicators, Equity Premium, Fundamental Valuation
Is the U.S. stock market in a Federal Reserve-driven bubble that is about to burst? In his August 2014 paper entitled “Fed by the Fed: A New Bubble Grows on Wall St.”, Oliver Dettmann examines how shifts away from quantitative easing by central banks, and the introduction of rising interest rates, may affect current valuation levels of the U.S. stock market. He focuses on a discounted real earnings… Keep Reading