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The PE ratio of the entire stock market has increased by a lot during that period: http://www.multpl.com/table http://www.multpl.com/table You could say that e
by djajshgsjja 8y ago
The PE ratio of the entire stock market has increased by a lot during that period: http://www.multpl.com/table http://www.multpl.com/table
You could say that everyone has higher growth expectations, or perhaps capital is just cheaper?
- fauigerzigerk 8y agoCapital has not become cheaper. On the contrary, interest rates are on the way up. But I don't think it's growth expectations that are driving stock prices either. It feels more like investors shudder at the thought of owning any of the alternatives to US blue chips.