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The U.S. stock market is extremely overvalued by almost any measure.I know that pointing this out is raining on the bull market’s parade, with the rest of Wall Street giddy over the Dow Jones Industrial Average DJIA, +0.88%climbing its latest 1,000 points in record time, and erstwhile bear Jeremy Grantham of Boston-based investment firm GMO warning of a possible “melt up” for the market.But valuations do matter, sooner or later. And it’s a key feature of investors’ psychology at bull market tops to ignore valuations. So this column is important precisely to the extent you’re likely to dismiss it. Dennis...

There is a lot of angst these days about the stock market, with the usual suspects calling for a crash that will dwarf those of 2000 and 2007.  The purpose of this article is not again to refute those naysayers, but to show two very important distinctions, - one fundamental, the other technical, - between today's market, and the markets of the two most recent significant peaks.Fundamentally, as gauged by the S&P 500, the market's capitalization weighting by sector appears to be fundamentally in-line with the earnings contributions of those sectors.  Using the most recent quarterly data, one can...

Warning: Stock Market Likely To Crash From Here, 50% Drop! Stock-Markets / Financial CrashFebruary 28, 2013 - 05:37 PM GMT By: Dr Martenson I don't relish the job of constantly pointing out the risks to the equity markets. But since few on Wall Street seem willing (or able) to do this, I'm "making the call" for a market correction, as enough variables have aligned to indicate a high likelihood of stocks heading downwards from here. I've only given one other such warning about equities before, and that was in March of 2008, when I warned of the possibility of a...

Is Your Stocks Portfolio Ready for What’s Going to Happen? Stock-Markets / Stock Markets 2013Jan 25, 2013 - 09:13 AM By: InvestmentContrarian Sasha Cekerevac writes: As corporate earnings season continues for S&P 500 companies, it is becoming quite evident that revenue growth is lacking across many sectors of the economy. However, we are continuing to see growth in corporate earnings per share. How is this possible? One method is through share buybacks. S&P 500 corporations, which are generating very high levels of cash, are buying back shares and reducing the number outstanding, which increases the corporate earnings-per-share level. From April...