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Thursday, September 1, 2022

ENTERING THE SUPERBUBBLES FINAL ACT (JEREMY GRANTHAM, (III))

 

 

 

 Our best guess is that the level of explained P/E will fall toward 15x, compared to the current level of explained P/E of just under 20x, while the actual P/E just rose from 30x to 34x in mid-August in what was probably a bear market rally.

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