With 2014 now more than half over, it seems like a good time to look ahead to next year. The consensus S&P 500 earnings estimate for 2015, as computed by FactSet, is $133. That results in a forward P/E ratio of just less than 15x. Relative to the index’s long-term historical average, which is in the mid-teens, the current valuation level suggests to us neither unusual opportunity nor risk. Given that, why is there so much talk about the market being overvalued?
Thursday 21 October, 2021
De Tijd: "Enkel over Antwerps voetbal komen we niet overéén" Mercier vanderlinden - Van Lanschot Kempen
Monday 01 February, 2021
L’Eventail: Mercier Vanderlinden – Gestionnaire d’actifs dynamique
Saturday 21 November, 2020
Sabato : Planification patrimoniale: savoir miser sur les “quick wins”
Thursday 24 September, 2020