Bulls Flying With Doves

(1) Hyperbole for our times. (2) A bull for all seasons. (3) Serious money. (4) Slicing and dicing valuation some more. (5) Stocks overvalued based on ratios of market cap to GNP and to sales. (6) Stocks fairly valued based on inflation-adjusted earnings yields using S&P and NIPA data. (7) Tobin’s q isn’t bearish so far. (8) Yellen’s fashion statement. (9) Yellen lets it slip: She is (probably) leaving. (10) Fed on course of gradual monetary normalization with or without Yellen. (11) Movie review: “Viceroy’s House” (+ + +).