P/E Multiple Expansion Accounted for 135% of the S&P 500 Return in 2015: GoldmanMark Melin
In one year from now, stock market investors, as benchmarked by the S&P 500, can expect a mere 1.1 percent yearly return on their investment, predicts a Goldman Sachs research piece. The blame for this relatively pedestrian performance is a price earnings multiples finding gravity.
P/E multiple - Watch for lower price earnings multiples
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