With S&P operating earnings up about 10% from their June 2007 levels and prices up more than 35%, investors are either A.) counting on a powerful profits recovery or B.) betting on many more years of ultra-low interest rates to justify today’s prices.
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Jeremy Jones, CFA
Jeremy Jones, CFA is the Director of Research at Young Research & Publishing Inc., and the Chief Investment Officer at Richard C. Young & Co., Ltd. Jeremy is a contributing editor of youngresearch.com.
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