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Growth_Compression

The theory here that with lower growth, a lower p/e multiple will be utilized translating into a 26% lower stock market price. My knee-jerk reaction would be, well hopefully we'll have upside economic surprises and grow faster than being forecast however, what does the stock market believe? Courtesy of http://www.mauldineconomics.com/images/uploads/pdf/TFTF121231.pdf

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