For some reason President Reagan’s former budget director has an issue with the Russell 2000 small cap index “stratospheric” price-to-earnings (PE) ratio. David Stockman writes that the “actual” PE of the index that holds the 2000 smallest US listed companies is around 91 times earnings. It was hitting an epic 142 at the end of January by some reports.
Did you feel the tremor in the financial markets the other day? Probably not, but maybe you noticed the small tsunami that washed ashore in US Treasuries. After hitting a peak of 3.1% yield on 17 May the 10-year Treasury… Read More ›
On January 19th 2015 I posted the TSP F Fund’s Last Hurrah. Today, we are going to look at how the last Hurrah worked out and how it foretells the final “Hurrah” in the stock market. Of course, no one cares right… Read More ›