Valuations Are Still Attractive Even As The Market Melts Up

The Stock Market Has More Room To Run
A quick note on valuations…Even with the current meltup, the SPX’s P/E ratio is around 19, which is lower than its March 2000 top (~29) and its Oct 2007 top (~22). So from a pure valuation standpoint (not to mention all the easy money injected into the system from global central banks each day) the market still has some room to run…Positions in: SPY & ESU4

S&P 500’s P/E Ratio Is Still Below Prior Major Market Tops:

SPX- Qtr