This Earnings Measure Is At Higher Levels Than Seen In 1929 or 2007

Should This Be Cause For Concern?The long-term P/E 10 ratio has attained a higher level than seen at the 1929 market peak or in 2007 previous to the Financial Crisis. Such valuation extremes, and the investor complacency that typically accompanies them, have been a reliable historical indicator of future market volatility.