Tubbergen's website hosts podcasts of his radio shows.
Grand Rapids, MI -- (SBWIRE) -- 09/12/2013 -- Have trouble keeping up with what is going on with the U.S. economy and stock markets?
Dennis Tubbergen, a financial advisor, author, radio show host and CEO of PLP Advisors, LLC can help out. Whether people enjoy his monthly newsletter at http://www.moving-markets.com or his blog at http://www.dennistubbergen.com, Tubbergen is dedicated to sharing his viewpoints and opinions. On September 12, 2013 his blog was titled Are Stocks in a Bubble?
"An article published in The Atlantic by author Matthew O’Brien argued that in spite of the stock market reaching new highs, the market is not in a bubble," began Tubbergen.
Below he quotes briefly from the August 27, 2013 article.
The S&P 500 is up over 18 percent the past year, but we're not anywhere close to partying like it's 1999.
Just because the price of something is going up doesn't mean it's a bubble. Even if it's going up a lot. And even if it's something you don't like. After all, there might be a good reason it's going up so much. A good reason like ... record profits.
The S&P 500 has had a good year. It's up over 18.6 percent the past 12 months -- enough that Hamilton Nolan of Gawker thinks it just might be THE NEXT BUBBLE. (Dun dun dun). But what's his evidence that valuations have rocketed away from reality into the non-planetary realm of Pets.com? Well, the S&P 500's price-earnings (PE) ratio has jumped 14 percent the past year, the most since 1999, jumping all the way up to ... 16. So case closed?
According to Tubbergen, he finds it interesting that the author uses the term 'bubble' to explore whether stocks will go up or down from here. From his experience a bubble has two characteristics that are often true.
To read what those two characteristics are and to read the blog in its entirety, go to http://www.dennistubbergen.com and select his September 12, 2013 entry.
Tubbergen’s syndicated radio show can be heard on metro Michigan stations WTKG 1230 AM and WOOD Newsradio1300 AM and 106.9 FM.
Dennis Tubbergen has been in the financial industry for over 25 years and has his corporate offices in Grand Rapids, Michigan. Tubbergen is CEO of PLP Advisors, LLC and has an online blog that can be read at http://www.dennistubbergen.com. To view Tubbergen’s latest Moving Markets? newsletter, go to http://www.moving-markets.com.
The opinions expressed herein are those of the writer and not necessarily those of USA Wealth Management, LLC. This update may contain forward-looking statements, including, but not limited to, statements as to future events that involve various risks and uncertainties. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual events or results to differ materially from those that were forecasted. Therefore, no forecast should be construed as a guarantee. Prior to making any investment decision, individuals should consult a professional to determine the risks, costs, benefits and fees associated with a particular investment. Information obtained from third party resources is believed to be reliable but the accuracy cannot be guaranteed.
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