Could The S&P 500 Rise 20% Before Crashing?

Posted by William Koldus, Seeking Alpha

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While I am definitely bearish on long-term returns, from the elevated valuations levels that the U.S. stock and bond markets are starting from today, this does not preclude the markets from becoming more overvalued, before they ultimately succumb to the gravitational pull of valuation. This is a reversion-to-the-mean concept that I like to call “valuation gravity”… CLICK HERE for the complete article

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