Category Archives: Main Page

With a price of more than 5x book value (lower right), U.S. stocks are the most overvalued since the tech-mania top in March 2000. At 3x price-to-sales (lower left), the recent euphoria has returned to the fall 2021 level and … Continue reading →

Hoisington Management’s Quarterly Review and Outlook is now available here and always worth a mull. Central banks have been cutting overnight rates, but the money supply has continued to contract, with the latest reading lower than during the 2008 financial … Continue reading →

Here is a direct video link.