Quote:
Originally Posted by PaulS
Can facts lie and have a political agenda?
PE was over 20 at end of 2019 while historical mean was about 16.
Based on the latest S&P 500 monthly data, the market is overvalued somewhere in the range of 87% to 155%, depending on the indicator, up from 82% to 148% the previous month.
Feb 6, 2020
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I looked at a few charts, that PE ratio of 20 looks below average since 1990. Not sure ratios from 1930 - 1970 are as pertinent, but maybe they are...
https://www.macrotrends.net/2577/sp-...earnings-chart