Tecass19 Jun 2018 16:35
This is the beginning of a serious correction’Bloomberg NewsJim Mellon, chairman of asset management firm Burnbrae Group. Billionaire investor Jim Mellon, chairman of asset management firm Burnbrae Group, says it’s more than that, and the pain is just beginning. “The U.S. is selling at 32 times cyclically adjusted price-to-earnings (PE) ratio, which is an all-time high,” Mellon said.