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S&P500 undervalued

Guest 50centdollars

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I hate to sound like a macro investor... but the forward P/E argument isn't great.  Hussman has demonstrated that simple forward P/Es for the market are not very predicative of returns...not to mention the "normal" historical forward P/E is closer to 12 (including the dot-com bubble). It is important to note the shift in use from trailing to forward P/Es.




I agree on his assessment of TSLA and the banks though!



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