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The Coming 10 Year Decline In Stocks

Source: seekingalpha.com

Company FundamentalsAnalyst InsightsInvestor Sentiment & Positioning
The Coming 10 Year Decline In Stocks

The article argues that the Shiller P/E does not reflect downside risk from a potential economic downturn. It flags recent S&P 500 earnings growth of roughly 20% as unsustainable, estimating a long-run sustainable growth rate closer to 4.3%, which implies elevated valuation and earnings-normalization risk for equities.

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