by Bill Bonner
Daily Reckoning
BALTIMORE – Let’s see… U.S. corporate earnings have been going down for three quarters in a row.
The median household income is lower than it was 10 years ago.
And now JPMorgan Chase has increased its estimated risk of a recession to about one in three.
These things might make sober investors wonder: Is this a good time to pay some of the highest prices in history for U.S. stocks?
Apparently, they don’t think about it…