“…the so-called Fed model, which says that stocks’ earnings yields – that is, expected annual earnings divided by the share price – should equal the yield on the 10-year Treasury note. With the 10-year now yielding 1.52 percent, the Dow would be fairly valued at 66 times earnings rather than the current, measly 18. Dow 68,000 anyone?”It’s an enthusiastic estimate. While some analysts are speculating the Dow could surpass 20,000 during the next 12 months, according to CNBC, others are suggesting investors proceed with caution.
An Olympic Medal In Any Other Shape Still Represents A Great FeatIn 1900, the Olympic games were part of the World’s Fair in Paris. Champions received square medals! Olympics.org reported:
“The 1900 Olympic Games are perhaps the most unusual Olympics in modern history. They have been termed, with the 1904 Olympics, ‘The Farcical Games.’ The 1900 Olympics were poorly organized, almost chaotic. Years later many of the competitors had no idea that they had actually competed in the Olympics, but only that they had competed in an international sporting event in Paris in 1900.”During the Paris Olympics, champions did not receive gold medals; they were given silver medals. The first time gold medals were awarded was at the 1904 Olympics in St. Louis, Missouri. While gold medals have become the standard, they haven’t been made of solid gold since 1912. Instead, winners’ medals have been made of a combination of gold and silver. CNN reported gold medals in Brazil are comprised of “494 grams of silver and 6 grams of gold…a gold medal is worth about $587 in current market prices.” The silver medal is worth about $305, and the bronze medal has negligible monetary value, according to CNNMoney. Of course, once a medal has been awarded, its value may increase significantly. U.S. Olympians receive cash rewards, in addition to medals. CNNMoney reported, “The U.S. Olympic Committee awards $25,000 for gold medals, $15,000 for silver, and $10,000 for bronze.” Olympians owe state and federal taxes on their prize money, as well as the value of their medals. ]]>