Comment on Don't be fooled by what appears to be a cheap market?

Don't be fooled by what appears to be a cheap market?

During my tenor on Wall Street, which spans 25 + years, all too often I have heard the catch phrase, "The market appears to be cheap or too expensive". Usually, this can be heard during times when the market experiences movement of extreme price appreciation, or price depreciation. Unfortunately, this statement is flawed, and brings ...

 

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