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The Recent Price Earnings Ratio Is Forecasting A Stock Market CRASH
By
CMV Group
-
August 23, 2022
Early this month, the S&P500 P/E ratio was 52% higher than its modern era average. By this valuation, the market is OVERVALUED. To fall back to the modern era average, the S&P500 would need to plunge to around $2,200.
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The Incas thought gold represented the glory of their sun god and referred to the precious metal as “Tears of the Sun.”