Monthly Archives: April 2014

Why stocks are 43% too expensive

They’re back: crazy stock prices. Not as crazy as they were 14 years ago, but clearly irrational. A comparison of stocks with earnings tells you that the market is overvalued by 40% to 50%. The index fund SPDR S&P 500 (SPY) is trading at $184, right where it started the year. Fair value: $129. What to do?...
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Nevada near top of U.S. job growth

The Silver State’s jobs base grew 3.8 percent in March, good for No. 2 in the nation after North Dakota, the state Department of Employment, Training and Rehabilitation reported Friday. In fact, Bill Anderson, chief economist of the employment department, said the state’s jobs base has expanded faster than the nation’s for the last 20...
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