S&P 500 is 75% overvalued, says fund manager – CNBC.com
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S&P 500 is 75% overvalued, says fund manager
CNBC.com "Combining the current P/E [price-to-earnings ratio] of over 19 for the S&P 500 and a return on sales about 42 percent over the historical average, we would get an estimate that the S&P 500 is approximately 75 percent overvalued," he said. Boston-based … Stocks Are Way, Way Overvalued: GMO Wall Street overvalued? Long live fear and greed |
