Is the Record Stock Buyback a Troubling Sign for Continued Economic Expansion?
September 19, 2018 at 11:37 AM EDT
By Henry Ma, Julex Capital After nine years of bull market, it is not a surprise that stocks have become quite expensive. The Shiller PE, which compares companies’ share prices with their 10-year earnings average that is used to smooth the cyclical effect, is traded at 33, well above the historical...