Dr. Ed's Blog: Valuation Multiples At Bull-Market Highs (excerpt): "There are more hints of a melt-up in stock prices. That could be a more serious threat than any geopolitical blowup to my prediction that the secular bull market could run for another two years or longer. The forward valuation multiples of the S&P 500/400/600 are now at bull-market highs and slightly exceed the 2007 highs of the previous bull market. On Tuesday, the forward P/Es of the three S&P composites rose to 15.4, 17.7, and 19.1. "
'via Blog this'
'via Blog this'
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