S&P forward P/Es are hovering near 22×. The Nasdaq is pushing 27×. Are investors paying up for real growth — or still surfing a wave of residual liquidity?
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The Great Multiple Mirage: How Liquidity Is…
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S&P forward P/Es are hovering near 22×. The Nasdaq is pushing 27×. Are investors paying up for real growth — or still surfing a wave of residual liquidity?