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Feb 02 2010

Insight Into The Cyclicality Of Equity Valuations

  • Feb 2, 2010

In this month’s “Of Special Interest”, Eric Bjorgen looks at the cyclical nature of P/E ratios. The normalized P/E ratio follows an expansion/contraction cycle that has been repeated five times since 1926, but the interesting thing is that the cycles have lengthened significantly over time.


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