By Robert Sutherland Smith | Monday 1 December 2014
US equities continue to rise Heavenwards and we wonder how long that can go on, given the high valuations they have already reached? The S &P 500 Index reportedly values its constituents on an average multiple of 16 times estimated, prospective average earnings. That we learn is about 13% higher than the average ratio on the Index over the last decade.
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