"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
CEO: “Valuations Are At Crazy Levels… Like Nothing I’ve Seen Over My Career”
Submitted by Melinda L. Secor on Mon, 2016-01-11 02:00
"If the first week of 2016 has proven anything, it’s that the contrarian investors who have been warning of systemic breakdown in financial markets have been correct in their assessments that some of the world’s most well known brands and companies are significantly overvalued. But the crazy valuation levels aren’t just limited to Wall Street darlings who saw prices of their stocks rise to all-time highs in recent years."
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