CNBC Fast Money Halftime Report April 6, 2017
Josh brown. Hey, scott, how are you . Are there opportunities elsewhere . Is it undeniable at this point . Its undeniable and people running money are starting to wake up to this and the benefits are showing up in their po portfolios for the first time. The first time on valuation, a cyclically adjusted pe for the United States is now 30. Weve almost never been this high. Forward returns are not what they were when we were at 17, 18, 19. Developed europe, cape is 17 so about half. Emerging markets is 15. The second thing i want to say, i believe in mean reversion. The data proves that mean rev...