Cramer’s final thoughts for the year: Making sense of multiples amid a looming recession

Business

Bundles of steel from Nucor Corp. sit for sale to at Thompson Building Materials in Lomita, California, U.S., on Thursday, Aug. 30, 2012.
Patrick Fallon | Bloomberg | Getty Images

The price-to-earnings multiples say recession. But the multiples said similar things in 2022. So how long can the multiples stay this low?

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