Maybe I'll start up my 401k now. “Stocks are now at the same valuations that existed at the 1990 bear market low,†suggests John Hussman of the Hussman Funds. Looking at “price-to-peak earnings ratiosâ€, Hussman asserts the S&P 500 is trading for 10.7 times earnings right now — well below the historic average of 14 and the lowest since the early 1980s
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