WSJ: Whatever happens to change it, there is a consensus on Wall Street that the equity-risk premium can’t stay this low forever.
ANALYSIS: This is the Chapter 9 logic to value stocks relative to bonds, and right now it looks as if the stock market is over valued relative to bonds.
DISCLAIMER: if I really knew, I wouldn't be teaching school and I would charge you for the information.
Blog was wonderful and worth the time.
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