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Jun 01 2004

U.S. Market Overvalued, Not Undervalued, Relative To NIPA Profits

  • Jun 1, 2004

Contrary to some strategists’ studies the U.S. stock market is not cheap relative to NIPA (National Income and Product Accounts) corporate profits. In fact, like the majority of Leuthold studies, this metric indicates the market is overvalued.

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