Why is it that the S&P 500 has been consistently hitting new all-time highs for over a week now and so many investors are having such a hard time enjoying it? With the S&P 500 now trading more than 37 percent above its pre-crisis high, it’s hard not to start to wonder just how much higher stock prices can go.
Despite concerns over slowing growth in emerging markets, a continuing global oil market depression and uncertainty in the U.K. and Europe following a surprise Brexit vote, the SPDR S&P 500 ETF Trust (NYSE: SPY) is up 6.0 percent so far in 2016.
In terms of valuation, Robert Shiller’s cyclically-adjusted P/E ratio for the S&P 500 is currently at 26.9, similar to its peak level prior to the last market crash and well above its historical average of 16.6.
Not even the top minds in the investing world seem to agree about whether ...
/www.benzinga.com/analyst-ratings/analyst-color/16/07/8228329/differences-in-opinion-big-names-weigh-in-on-whether-the alt=Differences In Opinion: Big Names Weigh In On Whether The Market Is Overvalued>Full story available on Benzinga.com
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