Is the stock market over-priced?

A Debate

Few doubt the economy is on a roll. What’s important is the impact on the market once profits fall with the huge capex and higher interest rates.

– The markets look expensive and scary, but there has been a fundamental shift in corporate profitability, and more important, this is sustainable.

– Lots can go wrong in a 3-15 month period. PEs are already very high, the huge capex along with higher interest rates will lower profitability

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Additional Readings:
Additional Reports:
Off-Topic Readings:
Parting Thought:
  • I’d rather have a $10 million business making 15 per cent than a $100 million business making 5 per cent. – Warren Buffett
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