tag:blogger.com,1999:blog-6616959642391988608.post5835951607683556527..comments2024-03-19T02:45:37.685-07:00Comments on Calafia Beach Pundit: Equities are not over-valuedScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-6616959642391988608.post-3100483440605317592011-04-19T07:53:30.245-07:002011-04-19T07:53:30.245-07:00Not necessarily. For bond valuation, look to Treas...Not necessarily. For bond valuation, look to Treasury yields and credit spreads. Treasuries may be overvalued, but credit spreads are still attractive.Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-49751629097387161772011-04-19T05:37:02.579-07:002011-04-19T05:37:02.579-07:00Based on the last graph, equities are undervalued,...Based on the last graph, equities are undervalued, or bonds are overvalued. Correct?SShttps://www.blogger.com/profile/09400536929760400251noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-78022415659695194632011-04-14T13:12:44.111-07:002011-04-14T13:12:44.111-07:00Scott -- any chance you could send me the S&P ...Scott -- any chance you could send me the S&P trailing operating earnings? I have reported EPS, but would like to use operating and recreate your P/E chart based on that.<br />JimRUnknownhttps://www.blogger.com/profile/09972712678302946086noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-83114571401665151862011-04-06T04:25:53.187-07:002011-04-06T04:25:53.187-07:00You would be surprised how many
bloggers and media...You would be surprised how many<br />bloggers and media types don't reveal their book....excellent jobbroderohttps://www.blogger.com/profile/12296214283216386700noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-31980540326938412282011-04-05T20:46:52.197-07:002011-04-05T20:46:52.197-07:00Scott
Can you please comment on the q ratio, as p...Scott<br /><br />Can you please comment on the q ratio, as popularized by Smithers, and regularly featured by Doug Short. This measure - which shows the market to be meaningfully overvalued - has intuitive appeal as it is a quasi P/B measure, and over meaningful periods of time it agrees with a normalised earnings measure, and a real price measure, all of which currently suggest the market is Andrewhttps://www.blogger.com/profile/16388162080304866329noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-338742970929469752011-04-05T19:02:02.124-07:002011-04-05T19:02:02.124-07:00Mr. Grannis -
I like to learn what knowledgeable...Mr. Grannis - <br /><br />I like to learn what knowledgeable, thoughtful investors are actually doing. You always make excellent points in your discussions. <br /><br />I appreciate your work. Hard to believe that it is available real time and for free.<br /><br />WilliamWilliamhttps://www.blogger.com/profile/04418491109912775561noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-53755475677613888322011-04-05T13:05:17.546-07:002011-04-05T13:05:17.546-07:00A cynic would say I'm just talking up my book....A cynic would say I'm just talking up my book.Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-36140121785798251002011-04-05T12:50:19.845-07:002011-04-05T12:50:19.845-07:00Thank you very much. I find it extraordinary that ...Thank you very much. I find it extraordinary that you share your personal investment positions.<br /><br />Personally I am 112% long equities - 60% foreign, of which half are in emerging markets. Since the inflation of the 1970s, I was never a buyer of bonds. I'm giving my age away ;~)Williamhttps://www.blogger.com/profile/04418491109912775561noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-30183237232443501642011-04-05T10:58:25.990-07:002011-04-05T10:58:25.990-07:00I am long corporate (mostly high-yield) and emergi...I am long corporate (mostly high-yield) and emerging market bonds, and effectively short Treasuries.Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-88968232371856318132011-04-05T10:51:04.045-07:002011-04-05T10:51:04.045-07:00Mr. Grannis -
The full disclosure of your equity...Mr. Grannis - <br /><br />The full disclosure of your equity position is appreciated. Have you disclosed your bond position, if any? Perhaps I have missed it.<br /><br />Thank you,,,WilliamWilliamhttps://www.blogger.com/profile/04418491109912775561noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-71877771993516683152011-04-05T09:20:12.415-07:002011-04-05T09:20:12.415-07:00Boy, what an excellent review by Scott Grannis.
...Boy, what an excellent review by Scott Grannis. <br /><br />I think there is an epic bull market ahead, in equities and property, and it will be global.<br /><br />The next 20 years will look a lot like 1980-2000, or 1987-2007. Global growth in free-market-ish nations will be strng. <br /><br />In other words, the Bush Era Financial Collapse is an aberration. <br /><br />I confess only one Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.com