U.S. Value Stocks Moving Out of the Markdown Aisle
The slim premium for growth stocks provides investors an opportunity to upgrade the quality of their portfolios.
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Some Thoughts on “Perma-Bear” Adjusted Ratios
Our thoughts on the recent debate in the financial press over the relevance of cyclically adjusted P/E ratios.
Much Ado About Nothing
Is all the talk about high equity risk premiums missing the bigger picture?
Graying Around the Edges?
If tech stock earnings disappoint again in 2007, overall earnings are likely to fall short of expectations.
The Ghost of Laurels Past
Equity valuations seem reasonable, but watch out for mean-revision of earnings growth.
Should ETFs be Part of Your Toolbox?
Utility of ETFs for institutional investors remains somewhat limited, but has increased.
A Cross-Section of U.S. Equity Valuations
Valuations remain compressed, making identification of relatively attractive opportunities hard to find.
Deconstructing the Bullish Case on U.S. Equities
In order to be bullish, investors must make some heroic assumptions.
The Unloved Mega-Caps
Valuations make the case for overweighting the very largest firms within a U.S. equity allocation.
Still Pounding the Table on Quality
In a world of overvalued financial assets, high-quality shares look to be one of the last bargains left.