The Equity Market May Be Expensive But We Don’t Know When The S&P 500 Will SelloffRupert Hargreaves
Recently, the S&P 500 is trading at a level not seen since early 1998, when the S&P 500 broke 1,000 for the first time. The market’s current normalized price to earnings ratio stands at around 29.1, the last time such a valuation was seen was in 1998, and the market went on to rally by 50%. There are only two periods in history when the Equity Market has been as expensive as it is today using a normalized price to . . .
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