Friday, April 4, 2014

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

by Tyler Durden

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? 15.2x.

Everyone knows what happened next.

Source: JPM

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