Bubbles & Clouds

(1) Bubbles now and then. (2) Small stocks are more inflated than large ones. (3) Russell 2000 forward P/E at 24 thanks to lots of small companies with no earnings. (4) S&P 500 also has some high-priced industries. (5) Is the Cloud a bubble? (6) Defensive sectors are no bargains. (7) No national real estate bubble yet, but competition to make risky home loans is heating up. (8) European peripheral bonds rally like the worst is over. (9) Are ETFs the next weapon of mass financial destruction? (10) “Captain America” (-).