The biggest U.S. stocks haven’t been this expensive since the dot-com era. That’s making investors nervous.
By some measures, U.S. large-cap stocks are trading at the highest — or near the highest — premium to fundamentals like sales and profits since the end of the dot-com era.
By some measures, U.S. large-cap stocks are trading at the highest — or near the highest — premium to fundamentals like sales and profits since the end of the dot-com era.
