The number of warnings about overvalued markets seems to be quickly ratcheting upward and no wonder. Stocks in the U.S. closed their best August since 2000, with the S&P 500 up 3.77% for the month. And with a 1.92% return for the TSX during that time, the rally has left equity valuations on both sides of the border sitting at multi-year highs. The S&P 500 currently has a price-earnings ratio...
The number of warnings about overvalued markets seems to be quickly ratcheting upward and no wonder. Stocks in the U.S. closed their best August since 2000, with the S&P 500 up 3.77% for the month. And with a 1.92% return for the TSX during that time, the rally has left equity valuations on both sides of the border sitting at multi-year highs. The S&P 500 currently has a price-earnings ratio...