The Chart of the week is courtesy Gary Gordon via seeking alpha and shows the Cresmont P/E ratio of the S & P 500. The ratio is currently at well over 2 standard deviations over the mean much like in 1930, 2000, and 2008 when the market experienced substantial sell offs. Will it be any different this time around?
Should You Pick Eli Lilly Stock After A 4x Rise In Three Years?
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This can primarily be attributed to a significant 236% rise in the
company’s P/S ratio to 21x now, versus 6x in 2020.
11 minutes ago