Thursday, January 28, 2016

Texas Economy Collapses - Dallas Fed Survey Crashes To 6-Year Lows As 'D' Word Is Uttered | Zero Hedge

Texas Economy Collapses - Dallas Fed Survey Crashes To 6-Year Lows As 'D' Word Is Uttered | Zero Hedge

Saturday, January 2, 2016

Is a 985 PE "too high"? David Stockman thinks so

The Next Big Short——Jeff Bezos’ Brobdingnagian Bubble | David Stockman's Contra Corner

Indeed, Amazon’s $325 billion valuation is just plain irrational exuberance having one last fling. Spasms like this year $180 billion gain (125%) on the AMZN ticker or the $190 billion gain (55%) on the GOOG account are absolutely reminiscent of the final days before the tech wreck exactly 15 years ago.

In a recent post I demonstrated how the 12 Big Cap Techs of 2000—-led by Microsoft, Intel, Dell and Cisco——-saw their combined valuation soar from $900 billion to $3.8 trillion in the 48 months leading up to the March 2000 peak; and that they then plunged to just $875 billion a decade later.