From: Faith Kates (as
Sent: 5/18/2016 5:45:03 PM To: jeffrey E. [jeevacation@gmail.com] Subject: FW: Warning: The smart money is fleeing U.S. stocks
Importance: — High
May 18, 2016
Warning: The Smart Money
Is Fleeing U.S. Stocks
BY BILL BONNER, CHAIRMAN, BONNER & PARTNERS
Sa Se Oe
DUBLIN — The Dow dropped 180 points yesterday — or
about 1%.
And another clever billionaire says he is looking elsewhere
for profits. Reuters:
Activist investor Carl Icahn on Monday said there was a chance the stock market could suffer a big decline, saying valuations are rich and earnings at many companies are fueled more by low borrowing costs than management's
efforts to boost results.
"Iam very cautious on equities today. This market could easily have a big
drop," Icahn said.
Yes, dear reader, the smart money is getting out of U.S. stocks. And here’s our
old friend Rob Marstrand explaining why:
Right now, every measure that analyzes the S&P 500 says it’s expensive. Prices
are high relative to earnings, net assets, sales, and cash flow.
HOUSE_OVERSIGHT_028791