by Dave Kranzler, Investment Research Dynamics:
S&P 500 profits are 86% higher than they would be if accounting standards of the national accounts were used, Pelham Smithers Associates notes. And the gap between the two measures is widening, the research firm finds.
So I guess my estimate was off a bit. I suggested at least 50%. Blackrock’s source is asserting 86% (the above quote sourced from Zerohedge LINK). That means that this stock market is BY FAR the most overvalued in the history of this country. Have fun with that one!
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