Stocks are TWICE as expensive as they were 10 years ago.

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Look, the average Price to Earnings…This is a measurement of how overvalued the market is…Well, even AFTER the double digit tumble last year, the S&P is STILL at nearly record highs...  
 
As you can see - there’s far more room for downside left than upside…Stocks are TWICE as expensive as they were 10 years ago. 

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