S&P is overvalued

Goldman Sachs says the S&P 500 is overvalued, but don’t be alarmed – more gains likely on the horizon!

The PE ratio of the equally weighted S&P 500 index is 17x. This ranks in the 92nd percentile of observations since 1985.

But analysis by the bank found that previous periods of similar overvaluation have usually been preceded by further increases.

“Overvaluation alone has historically not been a cause for imminent concern”

Let the good times roll!

Source: Vikingen.se

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