Relevant:
- Stocks are more overvalued now than at 2000 and 2007 peaks even by conservative metric
- How Long Can Stocks' P/E-Multiple Expansion Outlive Declining Earnings and Companies' Financial Engineering?
- Alan Greenspan Warns Stocks Are "Without Doubt Extremely Overvalued"
- Unrelenting Bullishness
- Hussman: Air-Pockets, Free-Falls, and Crashes
2015-01-11 — zerohedge.com
``Jim Paulsen has just thrown in the permabull towel and in a letter to Wells Capital clients titled "Median NYSE Price/Earnings Multiple at Post-War RECORD", admits that the market is about as overvalued as ever, based on numerous criteria but mostly due to the median (not average) P/E multiple surging to fresh all time highs!''
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