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The scenario that would make the American stock market fall another 43%

Valuations on Wall Street remain well above those recorded in times of recession.

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The scenario that would make the American stock market fall another 43%

Valuations on Wall Street remain well above those recorded in times of recession.

The correction in recent months has been a matter of PER, that old stock market multiple that reflects the number of times a company's price contains its earnings per share. Analysts have modestly revised down the e

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