Fishy Earnings Losing The Power To Move Stocks

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Fishy Earnings Losing The Power To Move Stocks

by Wochit 0:49 mins

Fishy Earnings Losing The Power To Move Stocks

by Wochit 0:49 mins

Stocks may only be flat for the year but there’s a distinct inflation in the number of investors suggesting we’re in the midst of a financial bubble. Despite stocks being relatively cheap based at 15.6x earnings compared to 16.7x and 26.4x at the heights of the 2007 and 2000 bubble tops respectively, many read events such as Facebook’s $19 billion purchase of messaging company “WhatsApp” and explosive moves in the stocks of companies like Zynga and FireEye have triggered an explosion of hand-wringing over the rampant speculation that lead to disastrous conclusions to past rallies.

Wochit

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