Know your downside before falling asleep if the music dies. Expect the S&P 500 Index to drop from 17 times earnings to 15 times, 10% shrinkage. Each multiple shed counts up to 6% of valuation. At 15 times, historically, the market would rest still in pricey territory.
Know your downside before falling asleep if the music dies. Expect the S&P 500 Index to drop from 17 times earnings to 15 times, 10% shrinkage. Each multiple shed counts up to 6% of valuation. At 15 times, historically, the market would rest still in pricey territory.
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