Shiller P/E Suggests Any Additional Valuation Expansion Engineered by Fed Could Result in a Parabolic Move Higher for Equities

In the chart below note that the Shiller P/E currently stands at a line of demarcation. Historically, any further expansion in SPX valuations has coincided with parabolic moves higher and/or bubbles including the late 20s, mid 90s and the 2002-2007 global…

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