This Is, Officially, the 2nd-Priciest Stock Market in 154 Years — and There’s No Mistaking What Comes Next for Stocks, Based on History
Key Points The S&P 500, Dow Jones Industrial Average, and Nasdaq Composite have moved into uncharted territory — and stock valuations are nearly there, as well. The time-tested Shiller Price-to-Earnings (P/E) Ratio portends trouble to come for Wall Street and investors. However, the disproportionate nature of stock market cycles overwhelmingly favors optimistic long-term investors. 10…