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Monday, April 29, 2024

Midday Factoid

Midday Factoid: Market About to Hit 22x Forward P/E

Courtesy of Tyler Durden at Zero Hedge
 
The S&P will likely hit 880 today. Based on a conservative 2009 S&P earnings projection of 40, this implies a 22x forward multiple, which is a realistic 80% premium to the past 130 years’ historical average of 12x. Just saying.

 

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