Is the Stock Market Overvalued at a 20 PE?
Historically, the SP 500’s PE has been around 14-15. Bullshit! I actually believed this garbage until I started digging into the numbers myself. Using the numbers from here, I’ve discovered that PE’s have been increasing for a loooong time. This average of 15 no longer exists. Average PE Since 23.91 1990 20.48 1980 18.82 1970 … Read more