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08/23/2017 7:48 pm
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Ran across this article just now. It basically says that the connection between company valuation (what it's worth) and how much money the company makes is broken. From the article:
“These low macro and micro correlations confirm the idea that we’re in a late-cycle environment, and it’s no accident that the last time we saw readings this low was 2005-07,”
Article is here: http://www.msn.com/en-us/money/companies/wall-street-banks-warn-that-a-downturn-is-coming/ar-AAqygR4?ocid=spartanntp_edu