Goldman GS 0.25% says the price-to-earnings ratio of the market will be just over 16, based on its prediction of where profits will be at the end of 2016. “Only 6% of the time during the last 40 years has the median stock traded at a p/e multiple higher than it does today,” wrote Goldman’s analysts, lead by David Kostin, in the research report.
But , he's recommending Amazon PE 967 . Seems just a bit hypocritical. Not much credibility!!!!!!!