This may come as a shock, but some see the stock market getting ahead of itself. The S&P 500 Index is now up over 12 percent in the past year. That’s above the historical average. It’s even more impressive when March’s rapid near-30 percent decline occurred.
In order get to today’s prices, valuations have exploded. The S&P has a PE ratio of 37, a level last seen when earnings collapsed faster than prices in 2008, and before that at the peak of the tech bubble in 2000. But it’s not just stocks. Housing prices are up 16 percent this year, an impressive feat. For years, some economists warned of an “everything bubble.” They may have been ahead of the curve. For now, stocks will either grow fast enough to justify today’s valuations, or we may be in for some underperformance in 2021. Markets are betting on the former.
Now here’s the rest of the news:
Handout Economics: Bizarre New Game Governor & Mayors Play Nationwide
Governors who shut down their state’s economies are lining up Congress for taxpayer funds to bail themselves out — at taxpayer expense. How can you protect yourself from handout economics? [Read Here]
December 16, 2019
I was asked recently, “Are you a ‘Megaphone’ email marketer?”
You can use email like a megaphone — where you’re just loudly speaking and not actually listening — or you can use it to create a conver-sation. Not only do conversations help you create deeper connections with your audience, they can give you ideas for blog posts, new products, and more.
One of the easiest ways to create conversation in your emails is to ask your audience a question.
To my left is a great Interactive Quiz.
I love a great chase…
Darren Hardy speaks to us today, “For the Love of the Chase.”
…said another way!
“Chasing The Wrong Things Can Make You Lose A Good Thing.” 🙂