This despite the fact that the 2007 peak
reflected rich valuation multiples against earnings that were themselves inflated by abnormally elevated profit margins.
Not exact matches
With regard to the current market cycle, the period since 2000 has been unique in that it has
reflected an environment of persistently
rich valuations.
That's not a «bearish call» on precious metals shares, but does
reflect somewhat
richer valuations for precious metals than we saw a few weeks ago when those stocks were declining notably.