Don’t Fight the Fed

Over the last two weeks, I have seen one of the most amazing things I have seen in all my years of watching the financial markets.  Two weeks ago M1 grew…

Stocks: Expensive or Cheap?

There is disagreement on value regarding the overall stock market. ICON thinks stocks, in general, are underpriced relative to their intrinsic value but many analysts are stating stocks are expensive. We presume analysts who think stocks are expensive are basing their views on the broad market P/E. Who’s right, and why the disagreement?