Goldman: Sell Right Now And Go Away For The Next 365 Days

Sunday, August 7, 2016
By Paul Martin

by Tyler Durden
ZeroHedge.com
Aug 7, 2016

“In the US, muted growth will be offset by P/E multiple contraction, suggesting a flat US equity market in the next 12 months. Stock valuations stand at historical extremes. The median trades at a forward P/E of 18.2x, ranking in the 98th percentile since 1976. Rising wage inflation will weigh on profit margins and limit further P/E expansion. Expectations of additional Fed tightening by year-end represent another headwind to higher equity prices”

The Rest…HERE

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