Submitted by Tyler Durden on 12/26/2014 20:30 -0500
Goldman Sachs
goldman sachs
Jim Cramer
inShare5
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

Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.