This blog is about macro-economics, financial markets and the world that has been pulled over your eyes to blind you from the truth.
— Neo: What truth?
— Morpheus: That you are a slave, Neo.
2008-05-29
Assessing US equities
MacroMan has an interesting read about US equities where he concludes:
On the basis of what's worked since 1988 (and indeed since 1970, on the basis of a stripped-down model that excludes analyst expectations), US stocks may be cheap, they may be expensive; but one thing they are clearly not is a buy.
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