Shocking: S&P 500 P/E Ratio Hits 1929 Top Levels
More or less, consider this to be a public announcement.
As of today’s close, Shiller’s Adjusted S&P P/E ration is just 0.44 points away from its 1929 top counterpart. But who’s counting…..right?
This is a historic and arguable one of the highest valuation levels in history. Mind you, 2000 top reading of about 45 can be discounted due to the lack of earnings within the tech sector at the time.
What can possibly go wrong?
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