Alan Greenspan: Bitcoin is a Bubble and Gold is Weak

America’s foremost authority on bubbles, former Fed Chairman Alan Greenspan, weighed in on both Bitcoin and gold today in an interview for Bloomberg Television. Bask in the glory: Greenspan on whether Bitcoin is a bubble: “I guess so. Let me say that currencies to be exchangeable have to be backed by something. When we had…

Chart o’ the Day: Forward Price / Earnings Ratios by Sector

What jumps out at you from the FactSet chart below? I’ll tell you the first thing I noticed was how we’re still treating the Financial sector like a little bitch. We’re giving the financials virtually no benefit of the doubt on their forward earnings multiple for the year ahead. The banks are expected to be…