The stock market is behaving precisely as it should
Revenues cycles, not financial cycles, drive stock exchange and style rotation. Financiers need to concentrate on GAAP reported earnings because that meaning of incomes skews analyses in investors' ' favor. Other definitions of earnings hide vital details.
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New headwind for stock exchange: costly PE ratios
NEW YORK– There'' s a disadvantage to the stock market'' s huge upside rise off of the August lows: Stock assessments are again on the pricey side, a headwind that could limit gains moving forward. After rallying as much as 13 % from its 2015 closing low of 1867 …
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