Longest S&P 500 Valuation Slump Since Nixon Discounts Profit – BusinessWeek
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Longest S&P 500 Valuation Slump Since Nixon Discounts Profit
BusinessWeek American companies are boosting income so much that even after stocks doubled, the S&P 500 hasn't traded above its 16.4 mean ratio for 446 days, the longest stretch since the 13 years beginning in 1973. Battered by the 14 percent decline in the S&P 500 … Longest S&P 500 Valuation Slump Since Nixon Discounting Record U.S. Profit |
