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S&P 500 Overvalued by 100 Percent: Estimated Price-Earnings Inflation Adjusted Ratio does not Reflect Actual Earnin

It is hard to justify the 1,100 mark for the S&P 500. The 676 low of March, as disastrous as it may have felt, actually reflected a more accurate measure of earnings potential of the 500 S&P companies.
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