Why The S&P 500 Is 1,000 Points Too High

For starters, Rosenberg pointed out that only 9% of the time in history have U.S. stocks been so expensive....Then he showed a table with gross domestic product (GDP) growth figures in the last nine bull rallies. This table reveals a dire trend where each subsequent bull rally in the last 70 years generated less GDP growth. Essentially, that means we are paying more for less growth.

 

https://www.marketwatch.com/story/sp-500-should-be-1000-plus-points-lower-than-it-is-today-strategist-rosenberg-says-2018-05-12

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