1987 Or 2015? The Gap Between Growth Expectations & Valuations Is "Ridiculous"
March 01, 2015 at 10:13 AM EST
Veteran stock market investors and traders now see the divergence between multiple 'hope' and growth 'reality' as "ridiculous." Just how ridiculous? Worse than 1987, 2002, and 2011, when stocks fell over 20% upon realization of reality.