Why Are U.S. Stocks So Expensive?
1 year ago
1 MIN READ
Stocks in the United States are more expensive than they used to be. Like, a lot more.You used to be able to buy a blue-chip company for fifteen times earnings. There was a time, a normal non-recessionary time, when you could buy the S&P 500 for fifteen times earnings.Prior to the dotcom bubble, there was only one instance when U.S. stocks traded at 25x times inflation-adjusted earnings over the previous decade. Tha…
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