Q: Every time I read David Rosenberg, I want to cash out and head for the hills. So far the market has ignored his usually bearish views.
However, his point that 80 % of the stock market growth is based on higher multiples , not higher earnings, caught my interest.
Several questions: is he correct; how far above long term mean are we ; what has caused this; how much of a correction if we revert back to long term mean ?
I am a senior and rely on my investments for a significant part of my income but haven’t pulled the trigger yet ! Thanks. Derek
However, his point that 80 % of the stock market growth is based on higher multiples , not higher earnings, caught my interest.
Several questions: is he correct; how far above long term mean are we ; what has caused this; how much of a correction if we revert back to long term mean ?
I am a senior and rely on my investments for a significant part of my income but haven’t pulled the trigger yet ! Thanks. Derek