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Stocks Have Never Been More Expensive Based On Long-Term Growth Forecasts 

By: capt_nemo in FFFT3 | Recommend this post (2)
Sat, 27 Dec 14 8:58 AM | 46 view(s)
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Submitted by Tyler Durden on 12/26/2014 20:30 -0500

Goldman Sachs
goldman sachs
Jim Cramer

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As the S&P 500 pushes towards Goldman Sachs 2,100 year end target (for 2015!!) today, we thought it worth considering just how much awesomeness has been pulled forward, priced-in, exuberantly-chased. As the following charts show, based on bottom-up long-term-growth expectations, S&P forward P/E valuations have never been higher. But that's not all...

The current Forward P/E of the S&P 500 is dramatically higher than is the 'norm' given bottom-up long-term growth forecasts... in fact, given current growth expectations, stocks are the most expensive ever...

http://www.zerohedge.com/news/2014-12-26/stocks-have-never-been-more-expensive-based-long-term-growth-forecasts




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