The Potential for a Rebound in Capital Markets Activity

Big tech companies with good margins account for twenty seven percent of the smp five hundred. If you exclude big tech then the smp multiple is actually right in line with its ten year average and fifteen year average so i really don't have much problem with that valuation as long as the economy is not in a recession. We going to see some kind of rear and i don't know what the catalyst is for that but can we stay up at 19 times look nineteen times?