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Today’s Stock Market Is Not Yet At Dot-Com Bubble Levels

Stock-Markets / Stock Market 2017 Jun 19, 2017 - 04:01 PM GMT

By: John_Mauldin

Stock-Markets

PATRICK WATSON : Worried about a stock market crash?

Valuations are high, yes, but not at the levels seen in the late 1990s dot-com craze.

A Leuthold Group study used the same measures to compare today’s valuations against those in the 1990s. 


Source: Leuthold Group via Bloomberg

Based on things like earnings, dividends, and cash flow, the S&P 500 now sits where it was in late 1997.

From there, the bull market ran another 2.5 years and added 60%.

History rarely repeats itself so neatly, but it’s true that bubbles grow bigger and last longer than most anyone expects. It’s when the bears give up that we ought to worry. We’re not quite there yet.

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