Earnings Are A Figment Of Accountants' Imaginations. Exiting Equity Would Be A Mistake

S&P 500 earnings are up 60% over the past three years, prompting concerns that the market could face a post–dot-com-style bust. The article argues the two eras aren’t directly comparable, but the framing remains cautious about valuation and forward risk.

Analysis

S&P 500 earnings are up 60% over the past three years, prompting concerns that the market could face a post–dot-com-style bust. The article argues the two eras aren’t directly comparable, but the framing remains cautious about valuation and forward risk.