For many years I have tracked an indicator of S&P 500 Index valuation I have come to regard as very reliable. Specifically, at any one time it indicates whether the S&P 500 is overvalued and undervalued, and by how much, relative to its own history.
For many years I have tracked an indicator of S&P 500 Index valuation I have come to regard as very reliable. Specifically, at any one time it indicates whether the S&P 500 is overvalued and undervalued, and by how much, relative to its own history.
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