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MARKET CALL: 1920s And 2020s Not The Only Roaring Decades
4 min read
Goldman Sachs has been pushing the view that the stock market's return over the next 10 years is likely to be very low, at only around 3% per year. We disagree. Admittedly, there's logic to that forecast: The forward P/E of the S&P 500 is currently historically high at 21.8 (chart). That suggests that it's likely to fall in the
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Ed Yardeni