Percentage Points

THE CADINHA & CO BLOG

30 Aug 2016 | Cadinha Big Picture | Harlan Cadinha

How High Is Too High?

By almost any tested valuation method the stock market's current level seems rich.  We are, however, in a first of a kind central bank accommodation period, with zero interest rates and even negative interest rates prevailing in some countries. How does one derive a price earnings ratio from a zero, ...

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