Stock Prices Have An Alibi

August 12th, 2016|by Michael Ashley Schulman, Perspectives, The Big Picture|

Unicorn AlibiSummary:

  • High and low markets provide similar anxieties
  • European banks remain a source of Bear Stearns type risk
  • LIBOR rates are rising even as central banks keep their own rates low
  • Nonetheless, earnings determine asset […]