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NEW YORK, NEW YORK, UNITED STATES (APRIL 12, 2019) (REUTERS VIA SKYPE) ****WARNING: CONTAINS FLASH PHOTOGRAPHY*** (SOUNDBITE) (English) THE BAHNSEN GROUP, MANAGING DIRECTOR, AND CHIEF INVESTMENT OFFICER, DAVID BAHNSEN, SAYING: "Yeah, I actually very much suspect that we are not in the falling-through four percent. I think that it (S&P 500) will fall year-over-year one to two percent, with the guidance for the remainder of the year suggesting that full year will not be a fall, that there will be positive earnings growth for the year 2019. Revisions are starting to work their way back the other way, and also from a very difficult time keeping up. But is the market getting expensive? Look, it's at a lower valuation right now than it was in January of 2018. So, I think you have S&P 500 making 25 percent more in profits than it was 15 months ago, but trading at a multiple that's about a point lower."
Dateline: 2019

Wall St Gains, As Jpmorgan Surges After Earnings

Item ID: 112037445

By: Reuters

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