I knew that my last article in Yahoo! Finance, “Why Stocks are Dirt Cheap,” would elicit strong opinions, but little did I imagine how controversial it would prove to be! The column attracted comments ranging from “Off with his head!” to “Bravo!”He goes through the usual: more derivations based on earnings. What about massive subsidies from Asia that are about to end? What about FED policy? He doesn't say. Looking at company earnings etc. in a vacuum blinds you to the far larger forces at work in our economy. "Earnings" are the echo. FED policy is the boom.
Monday, December 1, 2008
Siegel Gets Hammered All Around
Apparently, a lot of critics hammered Dr. Siegel for his last column: