Bank of America: S and P 500 and #39;s Extremely High Valuations Are the 'New Normal and #39;

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The extremely high valuations of S and P 500 stocks are the 'new normal' because the internal structure of the market is very different from what it was a few decades ago, says Savita Subramanian, an equity strategist at Bank of America (BofA), Business Insider reports.

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