S&P every minor bear market bottom - since 1949 - 13 in total - the highest PE was 16.3, 3.6 Yield, 3.9% bond yield!!! That was in 10/25/60
This from an old data chart I dug up this weekend. It shows the PE, yeild and book of every market bottom since 1949!
So current PE is 48, Yield is 1.7 or for the benefit of the doubt, maybe it is 33! Take either one, the highest bear market bottom PE was 16.3 folks! IN OVER 50 YEARS and that during a time when credit debt ran from 100 to 140% of GDP - right now it is 300% of GDP!!!!!
FYI - the lowest PE was 5.4, 7.6% yield, 2.4% bond yield.
06/13/49 - now that was a BUY!
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