(1) Plosser is skeptical about QE3. (2) Caterpillar is cautious about the global economy. (3) Remarkable resilience in earnings expectations. (4) The number 13 has been unlucky for P/E over the past couple of years. (5) The case for 14. (6) The case against the “Rule of 20.” (7) Lots of headlines about social unrest in China and Europe. (8) What’s the impact on valuation?
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