The title is how long can stocks MAINTAIN their highs. Can someone explain to this writer how MAINTAINING the highs would translate to positive returns? Unless the measly 1.9 pct dividend is what this guruji is referring to?
Re: This is what passes for analysis in Wall Street
The pundit says earnings will accelerate. On what basis was the question. The answer downright flummoxed our staff. Please sit down before you read further.
Re: This is what passes for analysis in Wall Street
In unison they shouted "all you did is financial engineering. Increasing earnings through buyback at all time high. This won't end well".
The eminent sage then explained he expected earnings to accelerate. Because tech stocks with sales abroad can increase earnings by selling more stuff abroad. He expects earnings to grow by 8 pct this year.
He didn't offer any insight on what returns we can expect going forward. A vague statement of next 6 months will be good for the market.
Re: This is what passes for analysis in Wall Street
The other factors - valuation, financial engg, low interest rates keeping mkt afloat. I don't know. Looks frothy. Anyway right on cue mkt down 1.1 pct in 2 days.