Monthly Archives: January 2017

Great Expectations

  “Never ever lose sight of long term relationships” Paul Krake – View from the Peak   Throughout 2016 we highlighted that various measures of equity valuations are at historically high levels and present an unfavorable risk/reward profile. Comparing valuation … Continue reading

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Extrapolate at Your Own Risk

  As we dig through S&P 500 price forecasts for the year 2017, we discover that a majority of “Wall Street’s top strategists”, are calling for a year-end S&P 500 price in the 2,300-2,450 range. None of the forecasters expect … Continue reading

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Hoover’s Folly

In 1930, Herbert Hoover signed the Smoot-Hawley Tariff Act into law. As the world entered the early phases of the Great Depression, the measure was intended to protect American jobs and farmers. Ignoring warnings from global trade partners, the new … Continue reading

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