Summary: Is the market expensive now? Superyacht “Eclipse.” Photo: Moshi Anahory. Source: Wikipedia The stock market has been on a run. Since October of this year the stock market has hit a succession of new highs. A lot of folks look at this market and say that that the market is pricey. When you divide the market’s valuation by the last 12 months’ worth of earnings, the aggregate price-earnings ratio – currently 23 times earnings – is higher […]
