FW: Warning: The smart money is fleeing U.S. stocks
[{"sender": "Faith Kates", "recipients": ["jeffrey E. [jeevacation@gmail.com]"], "timestamp": "5/18/2016 5:45:03 PM", "subject": "FW: Warning: The smart money is fleeing U.S. stocks", "body": "May 18, 2016\n\nWarning: The Smart Money\n\nIs Fleeing U.S. Stocks\n\nBY BILL BONNER, CHAIRMAN, BONNER & PARTNERS\n\n== ree\n\nDUBLIN — The Dow dropped 180 points yesterday — or\n\nabout 1%.\n\nAnd another clever billionaire says he is looking elsewhere\n\nfor profits. Reuters:\n\nActivist investor Carl Icahn on Monday said there was a chance the stock\nmarket could suffer a big decline, saying valuations are rich and earnings at\nmany companies are fueled more by low borrowing costs than management's\n\nefforts to boost results.\n\n\"Iam very cautious on equities today. This market could easily have a big\n\ndrop,\" Icahn said.\n\nYes, dear reader, the smart money is getting out of U.S. stocks. And here’s our\n\nold friend Rob Marstrand explaining why:\n\nRight now, every measure that analyzes the S&P 500 says it’s expensive. Prices\n\nare high relative to earnings, net assets, sales, and cash flow."}]