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What if stocks reached a frothy valuation level?
"It has now reached the same valuation level as at the market top in 1929".
But this kind of valuation level allows investors to find individual stocks that look attractive.
For instance, more than a third of the 4,332 institutional money managers in the study relied primarily on a strategy called "valuation level" selling.
It trades at about 14.6 times reported earnings, the highest valuation level since July, though still below the average since 1954 of 16.4 times earnings.
The index trades at 14.5 times reported earnings, the highest valuation level since July, while still below the average since 1954 of 16.4 times earnings.
Similar(43)
It will not be over until stocks trade at attractive valuation levels.
In Britain it is hard to see what can keep house prices above historical valuation levels.
House prices in the UK have not reached average valuation levels, let alone historical nadirs.
"In October, stock prices reached their median valuation levels from 1957 through 2003," he said from his office in Minneapolis.
"It's healthy to bring the market down to valuation levels that people might be a little more comfortable with".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com