Valuations Compared with Fundamentals “Today’s equity market valuations have only been eclipsed by those of 1929, and 1999.” Given the continuing equity market rally and multiple expansion, the quote above from prior articles, had to be modified slightly but meaningfully. As of today, the S&P 500 (INDEXSP:.INX) Cyclically Adjusted Price to Earnings ratio (CAPE) is … Continue reading Party Like It’s 1999: Equity Valuations At Historic Levels