"The problem with melt-ups is that they almost always invariably are followed by meltdowns," Yardeni warned.
He noted that the current bull market in stocks was unusual, as they typically begin when valuations for firms are low. When stocks hit a low of 3,600 in October of last year, stocks were still fairly expensive, Yardeni noted, with the price-to-earnings ratio of the S&P 500 hovering around 15.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asia stocks gain on hopes for China stimulus, Fed pauseMost Asia-Pacific stocks markets strengthened on Wednesday, as expectations for stimulus from China and overnight gains on Wall Street boosted the mood.
Source: Reuters - 🏆 2. / 97 Read more »
Asia stocks mixed as China data continues to show slowing; Nikkei under pressureStocks rose in China, with data showing signs of another slowdown, while the Nikkei fell and elsewhere, Wall Street inched toward a bull market.
Source: MarketWatch - 🏆 3. / 97 Read more »
22 stocks to buy with an average of 39% upside: Goldman SachsInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Asia stocks hold up, China gives up some gains after weak trade dataMost Asia-Pacific stocks markets strengthened on Wednesday on rising expectations that China will step in to stimulate its economy and as overnight gains on Wall Street helped brighten the mood.
Source: Reuters - 🏆 2. / 97 Read more »
WTI pares intraday losses above $71.00 amid economic jitters, EIA Crude Oil Stocks Change eyedWTI pares intraday losses above $71.00 amid economic jitters, EIA Crude Oil Stocks Change eyed – by anilpanchal7 Oil WTI OPEC EconomicHealth Energy
Source: FXStreetNews - 🏆 14. / 72 Read more »
Stocks making the biggest moves premarket: Netflix, Tesla, Coinbase, GameStop and moreThese are the stocks posting the largest moves in premarket trading.
Source: CNBC - 🏆 12. / 72 Read more »