2/25/2023 0 Comments Anyway you slice it meaningI am becoming concerned with NPR's increasingly tabloid approach to news. What should I say to them about your broadcast? Is it important to provide that level of graphic detail to bring us the news? As parents, each of us must walk the fine line educating our children about the dangers that exist in our society while not filling their nights with bad dreams and creating a general distrust in their fellow man. I have never felt the need to make sure I'm present when my four children listen to your programming but that will have to change. Listeners - a lot of them - were shocked and appalled that NPR chose to report this and to air the voice of a killer:Īlthough there was a brief warning about graphic content I cannot understand why any/all of you would think it appropriate to air that broadcast in that way. NPR and other broadcasters aired parts of his testimony. Rader was asked by the judge to describe in detail how he killed each of his 10 victims. Rader admitted that it was he who terrorized Wichita, Kan., in a series of until-recently unsolved murders. That latter power was apparent when NPR aired the voice of the so-called "BTK" killer, Dennis Rader, on June 27 on All Things Considered. with its enormous ability to inspire and to horrify. Here's a chart of U.S.There's something about the human voice. Same logic applies, with everyday day that passes we are getting closer to the next recession (and next bear market) not further from it. Thanks in part to all the easy money sloshing around the globe, it has been a very long time since we were in a recession. Meaning, it is perfectly normal to see the economy slip in and out of recessions. The economy, like markets, ebbs and flows in cycles. We do have to note that more easy money from central banks could be a strong enough catalyst to send stocks higher from here. We'll see how that plays out in the near term. The only bullish wild card is that coordinated effort from global central banks. If we did not have the manic action from global central banks there would be no question in our mind that we are in a classic topping process. It is also important to note that we are slightly above the 5 year average of 14.6 and above the 10-year average of 14.3.Įvery top (and bottom) in history require two components: Time and Price. Meaning, stocks are not cheap and they are not expensive. Right now the forward 12-month P/E ratio is 16.4 which is considered by most to be "fair" value. Historically, bull markets top out when the P/E ratio for the S&P 500 gets into the low 20's. Hardly, anything to write home about.Īnother big element investors look for are attractive valuations. So far, 81 companies have issued negative EPS guidance and only 32 have issued positive EPS guidance. If earnings actually decline for Q2 it will mark the first time the S&P 500 has reported five consecutive quarters of year-over-year declines since Q3 2008 through Q3 2009. My friends at FactSet estimate earnings will decline -5.3% for the S&P 500. We just finished the second quarter and so far all evidence suggests another lousy quarter for corporate earnings. We are seeing the exact opposite, even with all the easy money from global central banks, earnings continue to fall. Typically, investors love earnings and they like paying up for earnings growth. The last few bull markets ended shortly after their 5th anniversary, which means this one is definitely up there. indices have largely moved sideways since QE 3 ended in October 2014. The bull market is 7.5 years old (since the March 2009 low) and the major U.S. We only know it for certain after it happens which makes it a rear view mirror phenomenon. That said, this is an aging bull market for equities anyway you slice it. The only problem is that we don't know when the beginning or end will occur. We know all bull markets have a definitive beginning and a definitive end.
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