David Stockman on the Mother of All Stock Market Manias
By International Man / October 26, 2020 / marketsanity.com / Article Link
It seems that only 0.1% of the time during the last 70 years has the S&P 500 traded at a higher forward PE (price-to-earnings) multiple than it does today. That's equal to 4 weeks out of the 3,640 weeks since 1950.