(And, in fact, many still claimed that the rally was not unsustainable, as the stock market was trading at a forward price-to-earnings ratio of about 15, consistent with its ten-year average, in mid-April.)
(Molti sostengono ancora che questo passaggio fosse sostenibile in quanto la borsa a metà aprile quotava le azioni ad un rapporto prezzo/utile pari a 15, e quindi in linea con la media degli ultimi dieci anni.)