NARSpin

Stock Valuations On the Rise

And that's *WITH* cooking the books and "earnings" (cough) like LEH had.
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Generally, "forward earnings are based on optimistic assumptions aböut earnings growth." (WSJ, today) "...If earnings fall 17.5%-as they have, on average, during the past three years that included recessions, then the forward P/E ratio rises to 20, undermining the idea that stocks are cheap. ...the market does not even seem to have priced in much of an earnings slowdown yet."


www.marketwatch.com/ne...