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Too Much Money But Does It Matter?

Dozen of EggsWhen prices go up, you notice right? If you paid $1.99 for a dozen of eggs last year but are now paying $3.99 for the same thing, it won’t go unnoticed. However, today’s article discusses how stocks are expensive but investors are turning a blind eye. Here’s what they had to say, “Many market participants seek to measure the attractiveness of stocks by using the price-to-earnings (P/E) ratio, which divides the price of stocks by expected earnings. As of Friday’s close, that reading was above 17, just about the highest since mid-2004. This as stocks have been rising over the course of the year even as actual and expected earnings decline.” To read more, CLICK HERE.