Aug

24

This chart is part of a study by the SF Fed (aka Yellin's minions). The authors calculated the M/O ratio - the ratio of Middle-Aged (40-49 year olds) in the US population to the Old folks (60-69) - and used it to generate the probable P/E ratio for the stock market. As I have written many times, Mea Culpa!

See: "Boomer Retirement: Headwind for US Equity Markets?"

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