Goldman’s 2018 S&P Outlook Is Here: ‘Irrational’ Versus ‘Rational’ Exuberance
November 21, 2017 at 14:06 PM EST
After a nine-year rally, stocks now trade at lofty valuations relative to history on both an absolute and relative basis. S&P 500 has returned more than 350% (a 19% annualized total return) since the index bottomed in March 2009.
