Expect a “Lost Decade”, Stock Market Rout “Only Just a Start”

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via Misk Talk

October has been a terrible month for equities. Yet, this is only a start of what’s to come.

Decline Barely Started

Despite the rout, the S&P is just barely down for the year.

Expect a “Lost Decade”

Why?

The main idea is that earnings are mean reverting.

On that basis, stocks are more overvalued than any time other than the DotCom era.

It’s difficult to find any undervalued sectors now other than gold.

Financial Crisis Coming

At 1:40 AM (this morning), I posted Eight Reasons a Financial Crisis is Coming.

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