US EQUITIES : VALUATIONS NOT SO CHEAP!

As David Rosenberg recently pointed out, the rally in the equity markets continues unabated despite the poor fundamental newsflow.

Just like the rally post the 1929 collapse, the 'V' shaped bounce in stock valuations could prove to be unsustainable. Afterall, factors like employment and real income growth are vital signals of a genuine turnaround in the economy, and we haven't seen any improvement on those fronts yet!

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http://feedproxy.google.com/~r/thebullishbear/~3/3rLsnvbdcfE/us-equities-valuatio
ns-not-so-cheap.html

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