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FYI: Price-to-earnings multiples have been above historical averages for some time now. RBC Capital Markets doesn’t see that changing. The investment bank cut its EPS forecast for the S&P 500 through 2017 but didn’t lower its outlook for the index’s performance. Regards, Ted http://blogs.wsj.com/moneybeat/2016/07/11/stock-valuations-poised-to-keep-rising/
