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Stocks Versus Bonds: Who Knows Anymore?

in Credit/Equities by

Wow, ok so here’s a Heisenberg challenge.

Tell us what’s wrong with this picture that compares the relative attractiveness of stocks versus bonds. Here’s this:

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(Charts: SocGen)

…and here’s this:

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(Charts: Deutsche)

This. Metric (ERP). Means. Nothing. In. Today’s World.

And did we mention the S&P is at 18X?

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