Quote of the Week

The term bubble should indicate a price that no reasonable future outcome can justify.—-Clifford Asness, AQR Capital

Valuation gurus come to different conclusions about this market, but most do not think stocks are in a bubble.  The consensus is that stocks are slightly above long-term average valuations.  Whether those valuations turn out to be reasonable or not will depend on future earnings, but bubble does not seem to describe the current situation, at least by the definition proposed by Mr. Asness.  The “bubble” word, it seems, is mainly used to scare people—or to compensate for missing the market last year.  The trend is your friend, until it ends.

3 Responses to Quote of the Week

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  2. Last evening some members with the Purse Blog team (Megs, Vlad, Intern Joe and myself) had the chance to attend an exclusive launch celebration in the Louis Vuitton shop within the Bal Harbor Shops.Even though an awesome quantity of with the accessories we lust and obsess over usually aren’t important, in case you are a brand new mommy a diaper bag is crucial. I guess, to me, seeing a style collection is like choosing the wardrobe for the story that’s continually finding written in my head.For bags that use copper hardware, each and every piece is hand-shaped and hand-finished by a metal worker.The Louis Vuitton Globe Shopper Cabas MM shows off the Louis Vuitton logo that dates back to 1905 on a linen patch on top of this cotton and linen canvas bag.This bag has an embroidered interior patch that recalls 1950s Louis Vuitton advertisement.Victoria Beckham continues to reel in her fans with basic refined styles. Metal mesh, most regularly related to Whiting & Davis, is absolutely ideal for this type of little accessory that gets constantly banged around with your keys, cell phone, and the discarded mint wrappers at the bottom of your purse (or maybe those are just in my purse.Purseblog.com is a two-year-old site whose 58,000 forum members chat about Marc, Louis, Jimmy et al. Chief amongst them, on the other hand, is one that has been within the back of my thoughts because I started writing for this weblog: why are infant bags so typically patterned.A lot of Christian Louboutin bags with a sprinkling of Victoria Beckham and Miu Miu bags, the new arrivals let us know that dressing for fall and winter is in full force now.

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