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</a> That sentiment prevailed among many investors in August,resulting in a 3.1 percent loss for the S&P that month, theworst monthly performance in a year. That decline helpedrestrain S&P valuations, with the forward price-to-earningsratio of the S&P 500 currently at 14.6, according to ThomsonReuters data, in line with a historic average of 15.
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