Stocks, at their 4th-most expensive level ever, are ‘smack-dab at the heart of bubble territory’
September 22, 2017 at 16:20 PM EDT
If you’re a U.S. stock market investor, there’s good news and bad news. The good news is that a popular measure of valuation may be overstating how expensive the market is at current levels. The bad news is that a different one suggests things are worse.