The S&P 500 Just Hit a 30-Year Valuation Paradox, Yardeni Says
Ed Yardeni said the PEG ratio fell to 0.75, its lowest in 30 years. Multiples keep contracting as earnings increase.
A famous market expert noticed that big companies are cheaper compared to their earnings growth than they've been in 30 years. This could mean the market is a good deal, but it could also mean people are worried about something.
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