Behind The Markets Podcast: Bob Pisani
Behind the Markets Podcast
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The Stock Market Is a 19-Time Multiple Now Forward for 2023
The housing market is very inertial. And the mortgage rate may go down to 5%, 5% from 6, and that'll spark another 40% increase. I mean, everything, these are real. We're going to have 10 to 15% decline in housing. You know, people tell me they're putting average multiples on recession level earnings. That has never been right in stock market history ever. It might be right for 2024. Why? It's got the dramatic bounce.
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