Is the Stock Market Overvalued?
With the Standard and Poor’s 500 still near the record highs set earlier this year, analysts and investors alike are asking, “Are stock prices too high?” To answer this question, two adjustments are useful.
Suggested citation: “Is the Stock Market Overvalued?,” Federal Reserve Bank of Cleveland, Economic Trends, no. 98-06, pp. 05, 06.01.1998.