Category Archives: Market

Why stocks are 43% too expensive

They’re back: crazy stock prices. Not as crazy as they were 14 years ago, but clearly irrational. A comparison of stocks with earnings tells you that the market is overvalued by 40% to 50%. The index fund SPDR S&P 500 (SPY) is trading at $184, right where it started the year. Fair value: $129. What to do?...
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