Monday, April 11, 2016


"A lot of what you do see in terms of the profit growth you do have now is engineering," such as stock buybacks and global labor arbitrage"

"There's a demographic thing going on here...the boomers, all at a point where they have to be putting money into's very rational to be buying stocks. It sounds crazy. You say, 'Wow, there's no earnings growth,'"

“Since last year, people haven’t paid much attention to earnings, but some day they will change their minds and can start paying attention, and that’s when earnings will matter again,” 

This will be the most devastating financial collapse in human history without any comparison...

Earnings Yield (E/P):

P/E of the last sector holding this entire shit show up...