Today’s S&P 500 Price-to-Sales About to Make Dotcom-Bubble Peak Valuation Look Sane
via confoundedinterest: The S&P 500 Index is on the verge of setting a new high for overvaluation. Its trailing 12-month price-to-sales ratio surged to 2.25 on Monday, the highest since the dot-com era. If you think it’s just the tech giants skewing the number, think again: The median PSR for index members is more than twice the level … Read more