U.S. equities are valued at 16 times earnings, 14 percent higher than a year ago. Bears see this as an sign the market is about to head downward.
By Inyoung Hwang and Alexis Xydias, Bloomberg|August 26, 2013 at 12:17 PM
Thank you for sharing!
Your article was successfully shared with the contacts you provided.
Price gains of stocks in the Standard & Poor’s 500 Index are outpacing profits by the fastest rate in 14 years as the bull market extends beyond the average length of rallies since Harry S. Truman was president.
As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters.
Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss.
Tailored just for you. In your inbox. Every day.