There is one thing i strongly agree with the cheif. Market action has got nothing to do with economic fundamentals or corporate earnings. All these correlations are fleeting.
My observation is interest rates will affect stock prices, but not so much P/E.
Right now interest rates are too low to affect stocks. If and when rates reach 5%
neighborhood, I will flirt with bears.
Edited by pdx5, 16 February 2018 - 10:34 PM.