Professor Glenn A. Okun
The Rabid Capitalist: The Big Point is a brief summary of a detailed note available to paid subscribers.
The monthly monitor has turned negative. The public equity market, as measured by the S & P 500 index, is forecasting a problem-free future. The trailing one-year return of twenty-five percent on the S & P 500, which is one hundred and fifty percent greater than its annualized return since 1957, reflects economic prospects far superior to those that have prevailed since 1957. Unfortunately, threats exist to this expectation.
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