The stock market is manipulated. Multiples are being driven endlessly higher by low interest rates and government spending and buybacks and flows into index funds.
There’s more than a little truth here, but mostly it’s a lie. Real GDP is at an all-time high, as are earnings for the companies that ya know, make up the stock market.
The 27% return for the SP 500 in 2021 was driven by earnings growth. Plain and s…
There’s more than a little truth here, but mostly it’s a lie. Real GDP is at an all-time high, as are earnings for the companies that ya know, make up the stock market.
The 27% return for the SP 500 in 2021 was driven by earnings growth. Plain and s…
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