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Thursday, March 28, 2024

Most. Expensive. Market. Ever

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Are stocks cheap? Is the ‘Stock-Market’ “priced-for-perfection”? Here is your answer…

The answer is – Yes and Yes-er!

h/t @Not_Jim_Cramer

Simply put, the S&P 500’s forward earnings based valuation has never (in the history of the time series) been higher relative to consensus expectations of economic growth… ever.

So next time your “wealth”-taxer suggests you buy-the-f##king-dip, show him the chart above and have him explain how economists “must” be under-estimating growth, because equity analysts are never wrong.

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