Re: Albert Edwards
Posted: Thu Sep 08, 2016 11:16 am
Albert Edwards: No Alternative to Stocks? Just Wait For the Next Bear Market
By Ben Levisohn
Societe Generale’s Albert Edwards is back, and the notorious perma-bear comes bearing warnings for investors who have bought into the notion that there is no alternative to stocks:
Source: Barron's
http://blogs.barrons.com/stockstowatcht ... yptr=yahoo
By Ben Levisohn
Societe Generale’s Albert Edwards is back, and the notorious perma-bear comes bearing warnings for investors who have bought into the notion that there is no alternative to stocks:
One thing we learnt from Japan is that the equity secular valuation bear market takes many economic cycles to unfold and ends when equities are dirt cheap.
We also learnt from Japan that each successive recession caused equity valuations to slump to new secular lows. And history shows that is exactly the case too in previous US secular valuation bear markets …
Source: Barron's
http://blogs.barrons.com/stockstowatcht ... yptr=yahoo