Are Equities Overvalued?
February 17, 2016 at 10:29 AM EST
For several years now there has been a hotly contested debate among investors regarding equity market valuation. We often hear that the U.S. equity market is overvalued because the current P/E (Price/Earnings) ratio (16.5) is above the long term average (15). Some prefer to look at the Cyclically...