Jeffrey Saut
Jeffrey Saut
economy grew historic nowhere optimistic percent stocks talk
The cheerleaders talk about the economy growing, but the economy grew at 7 percent from 1966 to 1982, while stocks went nowhere because valuations were too optimistic. And they're optimistic now, by historic measurements.
coming deflation earnings growth guidance keeps percent recession worried year
I'm not bearish. I don't think we're going into a recession and I'm not worried about deflation ... But earnings growth should only be about 7 to 8 percent this year and guidance for earnings keeps coming down.
consensus technology
The consensus is technology is cheap, and I think that's probably true.
assuming buy earnings recovery shaped stocks
If you think you can recklessly buy stocks you have to be assuming more than a V-shaped recovery in earnings -- you have to be assuming a hockey-stick shaped recovery.