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Belski the Bull
The Compound and Friends
The S&P 500 Multiple Is Up Six Full Multiples in 15 Months
Since 1950 coming out of a bear market trough, the S&P 500 multiple goes up six full multiple points in 15 months. So just on PE expansion alone, there's still room. Historically. How do you get this average of six? There must have been some incredible PE expansions. What would those have been? They'll be coming out of 98. And we had a little stupid bear market in the summer of 98. 95. Well, 82 got under 10, I think Yeah. Right. But 2009 was such a moving target too, because you have like negative earnings for 400 companies and it was just write downs. Nobody was buying financials at that time. It doesn't all
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