Summary: Grant's can only find two precedents for the market's stretched valuation. A look back at a bullish banker who fought the Fed during a prior peak. Also, a discussion of a leak-prone Fed and a populist government.
Summary: Grant's can only find two precedents for the market's stretched valuation. A look back at a bullish banker who fought the Fed during a prior peak. Also, a discussion of a leak-prone Fed and a populist government.