The Stock Market is Stretched to Double Tech-Bubble Extremes
By Joe Ciolli – BusinessInsider.com Credit: Reuters Leuthold Group has sounded the alarm on a valuation metric that shows the S&P 500 is twice as expensive as it was at the peak of the tech bubble. This development could have large implications for stock investors of all types, particularly value traders who make their living by finding discounts in the market. With the stock market within shouting distance of an all-time high, traders are readying their Champagne bottles. Just don't tell them about the eye-popping statistic just published by the reputed research outfit Leuthold Group , lest you spoil their [...]