Why the market is looking vulnerable to shocks, tough times for a former TSX tech darling, and 21 oversold stocks

📆 5/10/2019 10:45 PM
📰 globeandmail

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Market at risk of shocks amid trade turbulence, two sagging TSX-listed companies, and 21 oversold stocks GlobeInvestor

Stock valuations have climbed to levels reached just before Wall Street’s late 2018 plunge, leaving the market at risk of shocks such as the sell-off this week as global trade tensions mounted.

Under the traditional price-to-earnings ratio method of valuing equities, stocks recently rose to their most expensive level since September. The benchmark S&P 500 index peaked last year on Sept 20, before sliding nearly 20 per cent over the next three months.

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