With the S&P 500 within about 8 % of its highest level in history, with historically reliable valuation measures
at obscene levels, implying near - zero 10 - 12 year S&P 500 nominal total returns; with an extended period of extreme overvalued, overbought, overbullish conditions replaced by deterioration in market internals that signal a clear shift toward risk - aversion among investors; with credit spreads on low - grade debt blowing out to multi-year highs; and with leading economic measures deteriorating rapidly, we continue to classify market conditions within the most hostile return / risk profile we identify — a classification that has been observed in only about 9 % of history.
It is the hypocrisy they scream about
at an obscene level and if they were so open minded, they'd welcome a world of all kinds of different thought.
Not exact matches
At the time they were used, they were effectively the result of ambitious management teams trying to cash in on the
obscene (and stupid) once - in - several - generations valuation
levels that seemed to be hitting new highs on an almost daily basis back during the dot - com bubble.
I game a lot (actually, an
obscene amount
at times), so I put a lot of value into comfort
levels of a headset, as it's not unheard of playing 8 + hours
at a time when I get lucky with uninterrupted gaming sessions.
In the former, it was recognised that an
obscene act is one which offends against recognised standards of propriety and which is
at a higher
level of impropriety than indecency.
As to the first element, an
obscene act was an act which offended against recognised standards of propriety and which was
at a higher
level of impropriety than indecency.