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Interesting article. Thanks for posting Arindam. The article prompted me to take a look at the latest market metrics;

S&P 500 Index P/E RATIO Forward looking 23.61
S&P 500 Index DIV YIELD Forward looking 1.39

Figures taken from the WSJ

Seems like a lot of the companies that are reporting earnings are beating estimates, so there is a good chance that the forward P/E metric might be a bit high. Still though, it seems like the market is certainly frothy. But then again there is TINA (there is no alternative). I would suspect that any kind of market correction of 10% or so would more than likely be met by some pretty strong buying unless something changes (like 10 year treasury yields going higher).

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