Forward Returns Continue To Fall
One of the interesting aspects of
“bull markets is the further they go, the lower forward returns fall. In hindsight, such an idea seems counter-intuitive, but ultimately it always comes down to valuations. As Warren Buffett once quipped:
“Price is what you pay. Value is what you get.
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When markets are incredibly exuberant, as they are currently, it is not surprising that such is commonly associated with previous market peaks. The chart below shows the annual rate of change of the inflation-adjusted S&P 500 index from March to March. The recent market surge marks one of the largest on record. Such increases typically preceded corrections (10-20%) to outright bear markets.
SC Senate will debate open carry gun bill next week with 6 days left on the calendar Maayan Schechter, The State (Columbia, S.C.)
Apr. 29 COLUMBIA, S.C. A state Senate often resistant to loosening South Carolina s gun regulations could next week pass legislation that would further expand those rules by allowing legal gun owners to carry their weapon out in the open.
In a 3-2 vote down party lines Thursday morning, a Senate Judiciary Committee panel advanced a House-sponsored bill H. 3904 that would still restrict where someone could carry their gun, but allow permitted gun owners with the required training to carry their gun out in the open in the public if they so choose.
SC Senate OKs $10B budget; talks more issues than money wiltonbulletin.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wiltonbulletin.com Daily Mail and Mail on Sunday newspapers.
SC Senate OKs $10B budget; talks more issues than money sfgate.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sfgate.com Daily Mail and Mail on Sunday newspapers.