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Some for the Bears, Some for the Bulls – Man Institute
Some for the Bears, Some for the Bulls The forward price-to-earnings for the S&P500 Index is currently at about 23x, in its 98th percentile, according to Goldman Sachs. In fact, when you look at the ‘traditional’ metrics – market cap/GDP, EV/Sales, EV/Ebitda, price/book, etc, the index appears to be fully…
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