Cramer’s final thoughts for the year: Understanding multiples amid a looming recession – CNBC

Cramer's final thoughts for the year: Understanding multiples amid a looming recession - CNBC

Steel bundles from Nucor Corp. are for sale at Thompson Building Materials in Lomita, California, USA, on Thursday, August 30, 2012.

Patrick Fallon | Bloomberg | Getty Images

Price-earnings ratios point to recession. But the multiples said similar things in 2022. So how long can the multiples stay this low?

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