Saturday, April 5, 2014

The Market Is Now Exactly As Overvalued As It Was At The Last Bubble Peak S&P 500

According to this chart from JPM the market's forward P/E ratio now is precisely 15.2x. What was it at precisely the last bubble peak on October 9, 2007? 15.2x. 
Everyone knows what happened next.
The Market Is Now Exactly As Overvalued As It Was At The Last Bubble Peak S&P 500

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