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Stock impact report

Stock Market Sell-Off: 5 Magnificent Stocks I Already Own That I'm Waiting Patiently to Add To [Yahoo! Finance]

Sirius XM Holdings Inc. (SIRI) 
Last sirius xm holdings inc. earnings: 4/28 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
Industrial Average , broad-based S&P 500 (SNPINDEX: ^GSPC) , and Nasdaq Composite have respectively sold off by 7.2%, 9.3%, and 13.1%. This sell-off isn't the least bit surprising given how far beyond historic norms stock market valuations have risen. Based on the S&P 500's Shiller price-to-earnings (P/E) Ratio, Wall Street's most-followed stock index recently traded at its third-highest premium during a continuous bull market when back-tested to January 1871. Though I remain a long-term optimist and recognize that high-quality businesses increase in value over long periods, I'm not oblivious to the historic correlation that Wall Street's major stock indexes tend to fall 20%, or greater, when the Shiller P/E Ratio becomes notably extended to the upside. This is to say that I'm eagerly on the hunt for a bargain, but also not itching to the pull the trigger on most stocks just yet. Image source: Getty Images. While a number of magnificent stocks have caught my eye during the cur Show less Read more
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