Large-Cap Stocks Are Reasonably Priced. That’s No Joke

From Nick:

Latest note for Bloomberg is on a topic near to my heart: worst case scenarios. We looked at the lowest 2018 analyst earnings estimates for the top 20 S&P stocks (AAPL, GOOG, FB, JNJ, JPM etc).  The takeaway: they trade for 20x those most pessimistic numbers.   If that’s the worst case for stocks, no wonder they keep rising.

Here’s a link to the full article!