Stocks Are Way Down. They’re Still Expensive.

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The S&P 500 still has plenty of room to fall, if history is any guide

U.S. stocks are off to their worst start to a year in more than a half-century. By some measures, they still look expensive.

Wall Street often uses the ratio of a company’s share price to its earnings as a measuring stick for whether a stock appears cheap or pricey. By that metric, the market as a whole had been unusually expensive for much of the past two years, a period when especially easy monetary policy turbocharged the popular view that low interest rates gave investors few alternatives to stocks.

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This article basically completely ignores future growth and how that impacts P/E ratios. This is a bit misleading. Certain stocks on your list may be cheap if the E in the P/E Ratio is growing at a high rate... for example at Tesla $TSLA

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