Posts filed under “Valuation”

Mebane Faber’s Talk at Google on Global Value


Source: Mebane Faber Research

Category: Investing, Valuation, Video

How Expensive Are Stocks? (Not Terribly)

cick for bigger chart Source: JP Morgan   It has become commonly accepted that stocks are very expensive, overbought and perhaps even in a bubble. JPMorgan Chase & Co.’s latest quarterly chart book (you can download it here) takes issue with those conventions. As you can see from the chart above, U.S. equity prices closely…Read More

Category: Digital Media, Valuation

World’s Cheapest Stock Markets

click for ginormous version Source: The Telegraph   Nice graphic from The Telegraph, showing relative valuations around the world, using P/E ratios, CAPE, and Price to Book. To be named “cheap”, markets had to be trading below their own historic valuation across all three measures. As the map to the left shows, only a handful…Read More

Category: Investing, Markets, Valuation

How Much Do S&P500 P/E Ratios Vary Historically?

Source: Bespoke Investment Group   How expensive are stocks? Its a question that seems to beget many different answers. Too often, the response reflects the responder’s investment posture. If they are long equities, they typically respond by saying “Not very.” If they are short, or in cash or in other risk assets, the answer is…Read More

Category: Index/ETFs, Investing, Markets, Valuation

In An Expensive World, Value Emerges in Japan

Nice take from the Global Quantitative Research team at Societe Generale: Source: Societe Generale Quant Quickie   SocGen goes on to add: • In a world where more and more assets are being pushed up to uncomfortably high valuation multiples, finding assets cheap enough to buy is a serious challenge for investors who need to…Read More

Category: Investing, Valuation

Preview: What Does “This Time Is Different” Really Mean?

This is a preview of an upcoming column.     “The four most dangerous words in investing are: ‘this time it’s different.’ “  -Sir John Templeton What do these words actually mean to investors today? As of late, more than a few pundits have been misinterpreting their meaning. With a wave of a hand, they…Read More

Category: Investing, Psychology, Valuation

Do You See the Positives or Negatives?

The Standard & Poor’s 500 Index hit an all-time high yesterday, closing at 1,897.45. The Dow Jones Industrial Average also hit a record, ending at 16,715.44. This should be tempered by noting that the Dow is up less than 1 percent so far this year, while the S&P 500 has gained about 2.7 percent. One…Read More

Category: Data Analysis, Earnings, Psychology, Sentiment, Valuation

Are Valuations Really Too High?

Are Valuations Really Too High? By John Mauldin Thoughts from the FrontlineMay 10, 2014 Take It to the Limit In a Perfect World The Future of Earnings How Did We Get Here? It’s Not Only Stock Market Valuations San Diego, Italy, and Nantucket The older I get and the more I research and study, the…Read More

Category: Think Tank, Valuation

Alibaba: The _____ of China

All the Western companies you’d have to combine to get something like Alibaba:   click for larger graphic Source: Quartz   Alibaba filed for its IPO last night, and as you can see below, it is more than merely the “Amazon of China.” If you want to know why the dollars involved are so large, …Read More

Category: Digital Media, Economy, IPOs, Valuation, Web/Tech

Spec-Tech Crash Is a Good Thing

Today, I hope to explain how the crash of the speculative tech names is a positive. Last month, we noted that “High-Flying Tech Stocks Were Coming Back to Earth.” Some of the companies we reviewed then included Twitter Inc., LinkedIn Corp., Netflix Inc., Tesla Motors Inc., Priceline Group Inc., Google Inc. and Facebook Inc. Since…Read More

Category: Investing, Psychology, Technology, Valuation