Via: dshort.com
Every time the 10-year P/E on the S&P 500 has fallen from the first quintile to the fourth, it has ultimately continued to the fifth and bottomed in the single digits.
And recall that the current P/E of the S&P 500 on trailing earnings is ~100:
And don’t forget to review Zero Hedge’s comment on the current market.
This is research, not investment advice. Use at your own risk.
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