Wall Street bull Ed Yardeni worries a ‘market melt-up’ is unfolding
Long-time market bull Edward Yardeni is concerned stocks are getting too expensive.
If the S&P 500 forward earnings multiple ticks to 19 or 20, the Yardeni Research president warns a it could spark a “nasty correction.” Right now, the index is at 17. The historic norm is 15 to 16.
“I just don’t want too much of a good thing here. I’d like this bull market to continue at a leisurely pace not in a…
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