Saturday, January 11, 2014

Even Goldman Sachs Concludes That Stocks Are At Elevated Valuation Levels

Even Goldman Sachs has concluded that this current stock market is a bit bubbly:

"S&P 500 valuation is lofty by almost any measure, both for the aggregate market (15.9x) as well as the median stock (16.8x)...
"We conclude that further P/E expansion will be difficult to achieve."