Cross-currents for corporate profits
Insights Now
00:00
Equity Valuations Need to Come Down Further
In 2008, we saw an absolute collapse in valuations. You know, for the most part, that operating PE ratio never really moves that far below 15 times. And so, you know, I think that we're in the process of forming a bottom here. But it feels to me like something would need to actively go wrong in order for for equities to take another significant leg lower.
Transcript
Play full episode
