published Jun 17th 2017, 11:45 pm, by David Wainer (Bloomberg) —If you’ve been driving on Israel’s roads over the past decade, you’ve probably noticed that every year the highways get more congested and the cars flashier. Households that used to have just one car now allow themselves more. Changes are

published Dec 29th 2016, 4:30 am, by Lu Wang (Bloomberg) —Valuation, history shows, is an awful tool for market timing. Equity cycles persist, and selling just because price-earnings ratios are high has repeatedly proven a mistake. But what if the persistence starts pushing up against history? Consider the S&P 500