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Ed Yardeni: Earnings, Inflation = Room To Run For S&P500

TedTed
edited October 2017 in Fund Discussions
FYI: Ed Yardeni, who has been about as right about this market since the 2009 lows as anyone, believes stocks still have some room to run.
Regards,
Ted
http://ritholtz.com/2017/10/earnings-inflation-signal-sp-500-isnt-excessive-chart-day/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+TheBigPicture+(The+Big+Picture)

Comments

  • PBKCM
    Thanks Ted.

    Sam Stovall wrote something similar for S&P. Add CPI to the S&P forward PE ratio (based on operating earnings), and the average over time is 20. Frothy is one std dev above. Bargain is one std dev below.

    Right now, we are almost exactly 20. Fairly valued. Assuming things get euphoric before a top is set, we have a ways to go.
  • TedTed
    @ I forgot, the Linkster wants to welcome you to the MFO Discussion Board. In my opinion, you get more news, views, insights, and research involving Mutuals Funds and ETFs than any other single website.
    Regards,
    Ted
  • PBKCM
    I can see that, Ted. You do yeoman's work here.
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