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Tag Archives: S&P 500
Stocks Are Expensive, Offer Mediocre Risk / Reward
Using $124 S&P 500 EPS for 2015, the forward PE of the market is 16.8x, which seems reasonable compared to the 17.1x average PE since 1989. Unfortunately this comparison is misleading for two reasons: The average since 1989 is inflated … Continue reading
Posted in Uncategorized
Tagged equity valuation, PE ratios, S&P 500, stock market, stock market cycles
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