(1) Stocks aren’t cheap. (2) Finding good reasons to buy them anyway. (3) Stock dividends trump bond coupons over time. (4) Abnormal monetary normalization. (5) Might this expansion last till March 2019? (6) Yellen ducks a valuation question on biotechs and social media stocks. (7) Valuations go from within historical norms to high side of them according to Yellen. (8) Forward P/Es pushing the outer limits. (9) Fisher’s warning.
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