Peak Bubble 2.0: The Market Is Now Exactly As Overvalued As It Was At The Last Bubble Peak

continue reading thisPeak Bubble 2.0: The Market Is Now Exactly As Overvalued As It Was At The Last Bubble Peak (Zerohedge, April 4, 2014):

According to this chart from JPM the market’s forward P/E ratio now is precisely 15.2x. What was it at precisely the last bubble peak on October 9, 2007? my latest blog post 15.2x.

Everyone knows what happened next.

JPM SPX

Source: JPM

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