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Johnathan Clement: Signal Failure

FYI: U.S. STOCKS have been at nosebleed valuations for much of the past three decades—or so say the yardsticks used to measure stock market value. But what if the problem isn’t the lofty price of stocks, but rather the yardsticks we’re comparing them against?
Regards,
Ted
https://humbledollar.com/2019/11/signal-failure/
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