14-07-2014, 06:03 AM
Equity Returns – Optimistic arguments about longer-term profits to be made in US shares are “deeply flawed†as they’re based on double-counting and circular reasoning, Brett Arends argues on Marketwatch. Future returns are extrapolated from past returns. But a dramatic upward re-rating of stocks was experienced in the past. It’s unlikely that can be repeated. [...]
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The post Why Lower Equity Returns Look Likely appeared first on TheBizSense Views.
read more Business Viewpoints ...