Sonia Mirza

Freud, the Fed, and a Box of Chocolates

Since I have chocolate on the mind...what would be the lindt of automakers, anyone?

Freud, the Fed, and a Box of Chocolates

Nice hook. I saw chocolate in the title...

Fun article, valid points, except...with the analogy, there is no end (the kid will always want more chox...and this is cannot possibly continue ad infinitum - the interest rates falling)

John Hussman: 'Forward Operating Earnings' As Basis For Valuation Is a Fiction

ok, my bad. I re-read your title, and last line, and I guess you're saying the only way to justify prices is by considering Fwd Op. Earns, and this is wrong, therefore, stocks are overvalued as we stand. So I guess I agree?

John Hussman: 'Forward Operating Earnings' As Basis For Valuation Is a Fiction

Forward operating earnings are estimates - and should be treated as such. I never pay much attention to them, and if I do, I would look more at the underlying assumptions due to the positive bias of any forward looking statement/metric. Therefore, have to agree with Morales and this argument not making very much sense (or not convincing me), unless you're saying that the Price today can only be justified by the expectation of something hugely +ve coming to fruition in the future (and we don't know when what or why). This is a bit odd - AND, isnt that what the P/E multiple sort of tells us in a roundabout way?