Here is an interesting quote I came across today:
"Asset valuations should always be a reflection of revenues in the same way that a person's income should be the driver behind the price of their home." Chris Tell
Stocks look to be up once again today, but are they a reflection of revenue? I am not sure they are. Did we not learn anything from the dot com bust? Eventually valuation always comes back to what is reasonable and for that reason I think stocks will eventually correct down. When? I have no idea. Probably when the cheap money ends, but according to the FED, that will go on "indefinitely". When it does correct it is going to be painful. What do you think?