Surveillance: 2023 Market Outlook
Bloomberg Surveillance
00:00
Do We Need to Come Down to 3500?
Every single bear market since basically since World War II, certainly over the last 40 years, you've seen at least 15 times forward earnings. And so we'll probably get something below 15 times earnings before we actually bottom. As people deleveraged, and they have to say it, but they get foreselling, they sell even though they've reached fairly value.
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