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US Equity Valuations: Difference between revisions
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* Larry Fink, BlackRock chairman and CEO (Oct 13, 2023, 4:00): Pension fund, and corporate funds will start selling more equities and buying more bonds. Not happening yet, but will happen. There are opportunities to earn 7-15% on credit, with a high probability of success, that's where a lot of money is moving. <ref>https://www.youtube.com/watch?v=HM-ILBFSviw</ref> | * Larry Fink, BlackRock chairman and CEO (Oct 13, 2023, 4:00): Pension fund, and corporate funds will start selling more equities and buying more bonds. Not happening yet, but will happen. There are opportunities to earn 7-15% on credit, with a high probability of success, that's where a lot of money is moving. <ref>https://www.youtube.com/watch?v=HM-ILBFSviw</ref> | ||
* John Hussman (Oct 17 2023): Market valuations stand at one of the three great bubble extremes in US history, rivaling the peaks of 1929 and 2000. Those two previous periods of reckless speculation ended disastrously, and the current bubble is likely to unwind in similar fashion. That's not a forecast, but it certainly is a historically-consistent estimate of the potential downside risk created by more than a decade of Fed-induced yield-seeking speculation. Hussman noted the S&P 500 is priced today for a negative return over the next 10 to 12 years. The gap in expected returns between stocks and bonds is now among "the worst levels in history," and the gauge's total return is poised to lag Treasury bond returns by about 6.5% a year for the next decade. <ref>https://finance.yahoo.com/news/p-500-historic-bubble-could-192029487.html</ref><ref>https://twitter.com/hussmanjp/status/1714669132648444402/photo/1</ref> | * John Hussman (Oct 17 2023): Market valuations stand at one of the three great bubble extremes in US history, rivaling the peaks of 1929 and 2000. Those two previous periods of reckless speculation ended disastrously, and the current bubble is likely to unwind in similar fashion. That's not a forecast, but it certainly is a historically-consistent estimate of the potential downside risk created by more than a decade of Fed-induced yield-seeking speculation. Hussman noted the S&P 500 is priced today for a negative return over the next 10 to 12 years. The gap in expected returns between stocks and bonds is now among "the worst levels in history," and the gauge's total return is poised to lag Treasury bond returns by about 6.5% a year for the next decade. <ref>https://finance.yahoo.com/news/p-500-historic-bubble-could-192029487.html</ref><ref>https://twitter.com/hussmanjp/status/1714669132648444402/photo/1</ref> | ||
* Jim Bianco (Oct 26 2023): Despite thinking the economy will reaccelate from here, this meand inflation will be higer, and rates too..He does not think we are in a new bull market, majority of stocks are finding sifficulty to have upside momentum, so we will enter an eviroment where good stock picking will be the only way investing will work. | |||
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