Is it really preposterous that investors would assign a company that is defining a whole new category of communication as being worth one-half of Google and one-seventh of Apple? Of course not. There is not a bubble in Facebook shares, there is a bubble in calling bubbles.
As the latest update of Professor Robert Shiller's cyclically adjusted PE ratio shows, US stocks are now more than 30% overvalued, at 21X earnings. T...
In April 1992, having just dispatched his rivals for the Democratic nomination, Bill Clinton went to the Wharton School at the University of Pennsylv...