The Myth of Icarus

Check out the accompanying pdf and chart collection. (1) Meet Icarus, ill-fated son of Daedalus, who invented the Labyrinth. (2) Icaria may be a tourist trap. (3) Wax and the Buffett Ratio. (4) Untimely and timely valuation ratios. (5) Growth tends to fly closer to the Sun than Value. (6) Normalized P/Es looking past the pandemic. (7) Elon flying with Icarus. (8) The Sun is further from Mars than from Earth. (9) Is Tesla the Yahoo! of this bull market? (10) S&P 500 has been tracking dividends divided by 2% dividend yield. (11) A 1.00% dividend yield would put the S&P 500 at 6000 today. (12) One more time: Bond yield would be closer to 2.00% than 1.00% but for Fed’s intervention. (13) Some like it not too hot.