Top-down meets bottom-up: How expensive are stocks?

In Subscribers only by Cam Hui

Get more articles like thisBack to full articleRecently, I have seen several variations of market analysis concluding that stocks are expensive based on forward P/E ratios. Here is a tweet from Jeroen Blokland. David Rosenberg characterized the current equity environment as picking up pennies in front of a steamroller.     Blokland followed up the above tweet with an additional ...
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