According to the NY Fed, the S&P P/E hit 140 on October 7 and the market is up further since then.
http://www.newyorkfed.org/research/directors_charts/ipage20.pdf
Need I say more.
Disclosures: This is insane.
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The author is not a financial advisor, economist, broker or anyone who knows anything about anything. I am just fascinated with the economic and financial world around us and seek to bring together and distill the thoughts of those who know better than me.
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