Based simply on recent PMI levels, Western stock markets are 15-35% overvalued, says Deutsche...

This news story has 6 comments:

Register or Login to rate comments »

bbro Comments (7841)
 
zero hedge...
4 Dec 2012, 08:40 AM Reply Like

Petrarch Comments (363)
 
zero sense more likely
4 Dec 2012, 08:57 AM Reply Like

GaltMachine Comments (920)
 
bbro,

The article appears on Zerohedge, the opinion is from Deutsche Bank.
4 Dec 2012, 11:01 AM Reply Like

CaladesiKid2 Comments (178)
 
Conclusions by Deutsche Bank are consistent with most assessments, therefore a safe 'conclusion'. The difficulty is defining when the stock markets adjust downward. The Federal Reserve continues to feed their money printing habit with promise of even more countries following this fundamentally evil practice. This continued 'snorting of the white powder' continues to support/stimulate the markets. However, this ongoing unrestrained money printing has no historical precedent that ends favorably.
4 Dec 2012, 08:45 AM Reply Like

whidbey Comments (3032)
 
We know this estimate, but we also know why the overvalue has occurred. With disinflation a real possibility if US domestic policy does not change, this estimated overvalue may be low. Sentiment is not rational, and it has overly optimistic for two years. The Fed says it will sustain its twist for the unknown future. Corrections yes, reprice the market permanently lower ? No not yet.
4 Dec 2012, 08:57 AM Reply Like

Petrarch Comments (363)
 
only the most abject moron would invest based on PMI's

P
4 Dec 2012, 09:50 AM Reply Like