Dear Stock Market...

Submitted by Thad Beversdorf via FirstRebuttal.com,
Dear Stock Market,
I need you to pull your head out of your ass.
You are paying record valuations.
But in the face of the identical earnings deterioration we saw heading into the financial crisis.
The growth you are pricing in simply cannot be realized. Real incomes are the same level they were in 1990.
But the real S&P price level is 3x higher today.