Earn Your Return in This Stock Market
It makes a big difference which valuation yardstick you use.
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The time has come to talk about U.S. stock valuations because we now have some unsettling metrics in our hands.
On Friday, the U.S. Commerce Department said that U.S. gross domestic product grew by just 1.2 percent in the second quarter, far lower than the 2.5 percent growth that analysts expected. This is the third consecutive quarter of disappointing GDP growth – the U.S. economy grew by 0.8 percent in the first quarter and by 0.9 percent in the fourth quarter of 2015.