The Fundamental Difference for U.S. Large Caps
June 18, 2015 at 10:54 AM EDT
On May 21, 2015, the Ss&P 500 Index closed at a record high. Since the March 2009 lows, the index has appreciated by over 210% on a price basis and, as a result, the price-to-earnings (P/E) ratio has expanded from 11x to 18.8x1. Now, six years into this bull market, many market participants are...
