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Why Are Equities so Disconnected from Economics?

Normally, equity valuations reflect the present value of future cash flows that are primarily a function of current cash flows, growth expectations, and then the [...]

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Central Banks Buying Equities

QUESTION: Central banks around the world are currently purchasing equities. If they continue to purchase equities, will we ever have a significant market downturn [...]

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Why Do Some Pension Funds Avoid Equities?

QUESTION: Hi there Mr. Armstrong In attempting to synthesize some of your past comments, I wonder if it is accurate to conclude that rate hikes are the lesser of [...]

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Why Central Banks & Buying Equities

QUESTION: Mr. Armstrong; Why is the Swiss Central Bank buying American equities? On the one hand you would think it is manipulation, but on the other, why [...]

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Understanding the Reverse Side of the Flight to Quality

QUESTION: I’m having trouble reconciling your call between the next downturn (due to start in 2015.75 and your call on the Dow potentially doubling or more.  [...]

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