Goldman: The Last Two Times P/E Multiples Expanded This Much, The Result Was A Historic Crash
by Tyler Durden
ZeroHedge.com
Jul 23, 2016
“The current P/E expansion cycle is now one of the largest in history. Since September 2011, S&P 500 forward P/E has grown by 75% (from 10x to 18x). This expansion has only been surpassed twice since 1976, when the multiple rose by 111% from 1984-1987 (ending with the 22% Black Monday collapse) and by 115% from 1994-1999 (ending with the Tech Bubble pop).” – Goldman Sachs
The Rest…HERE