Animal Spirits: Cash on the Sidelines

Ben came out of a fog machine at his speech in Italy. 

U.S. Stocks Surge Back Toward Bubble Territory. January 2010!

Even if you knew what earnings would be next year…

A fair value P/E ratio of 15 makes more sense

The pool of money that’s sitting in cash worldwide has never been greater.

There’s a lot of cash on the sidelines…it feels stupid to hold cash in this type of environment.



Via Bespoke


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Bill Simmons With Jalen Rose

The history of public executions


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Michael Rockefeller was eaten by cannibals

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