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The S&P 500 Is Trading For 17.9x Last Year’s Earnings, Not 13.7x Next Year’s … – Seeking Alpha

The S&P 500 Is Trading For 17.9x Last Year's Earnings, Not 13.7x Next Year's
Seeking Alpha
Lately you may have heard analysts repeat how cheap stocks are. According to the average analyst expectations, the S&P 500 trades for only 13.7x next year's earnings.1 The implication is that modest expansion to 14.5x earnings could mean that the

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