/biz/ - Business & Finance

What now?

>>55722338
Am I therefore become your enemy, because I tell you the truth?

>>55722387
Markets priced as if stocks only justify an 80 bps equity risk premium vs the 10 year, or as if they expect the 10 year yield to drop back to 2%. When the realization settles in that the long-term rate to use in perpetual valuation is 4%, maybe even 5%, it's going to be like a Ferrari hitting a brick wall