The Chart of the week is courtesy Gary Gordon via seeking alpha and shows the Cresmont P/E ratio of the S & P 500. The ratio is currently at well over 2 standard deviations over the mean much like in 1930, 2000, and 2008 when the market experienced substantial sell offs. Will it be any different this time around?
Living on Uneasy Street – Charles Hugh Smith
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It’s nice to anticipate sunny weather, but it’s a good idea to carry an
umbrella just in case the forecasts prove overly optimistic. Yes, the
market will r...
12 minutes ago