agip wrote:
A five-year check in.
Jeremy Grantham, who is almost always bearish, threw in the towel in 2017 and said that stock market valuations are likely to stay elevated over prior eras, and waiting for mean reversion on valuatoins and margins is likely to be a fool's errand.
He has been right so far - margins and valuations have remained high compared to the past. This has come up on this thread - discussions of why the US market has a PE higher than the past and if that is a problem or not. So far, not.
Paging Ghost of Igloi.