With SP500 P/E at historic levels, I predict that it will all end badly for those buying at these superinflated levels. They can chortle and pat themselves on the back all they want, but the the big bad bear is right around the corner, and it won't take many disappointing 3Q earnings to bring him out with a vengeance.
Kind regards, -CAPT J
"What would you attempt to do if you knew you could not fail?"
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