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Stocks are "far from the overextended levels that prevailed at the prior peaks," says BAML,...

Stocks are "far from the overextended levels that prevailed at the prior peaks," says BAML, comparing the S&P 500 (SPY) today to March 2000 and October 2007. Earnings and dividend yields today are far higher; PE ratios, Price/Book, EV/EBITDA are all lower. "Third time a charm?"
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Comments (1)
  • ZEV Capital
    , contributor
    Comments (7) | Send Message
     
    BofA "strategist" uses overextended earnings to argue against overextended market prices? It is this kind of logic that makes wall street so entertaining. $spy
    16 Apr 2013, 10:16 AM Reply Like
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