Wednesday, February 19, 2014

Markets priced to perfection

In reviewing the latest data from Crestmont Research ( it is apparent stock market valuations are becoming very stretched and near the upper end of their historic levels.

Crestmont Research uses a unique methodology to calculate their P/E’s and Doug Short ( has provided a plot of their P/E’s relative to rates of inflation for the period 1871-to-present.

As can be seen on the chart below ............ (continued here)


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