From Newsmax:
Stocks are overvalued on a price-earnings basis, says economist David Rosenberg of Gluskin Sheff + Associates.
And it’s not a mild overshoot: 35 percent.
“According to the Shiller P/E ratio, the S&P 500 is now 35 percent overvalued — a full one standard deviation event,” the former Merrill Lynch chief economist wrote...
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