The last time the Stock Market was very expensive, it was down almost 50%. | The Motley Fool
The S&P 500 (^ GSPC + 0.22%) reported a price-to-earnings (CAPE) ratio of 39.2 in February. If that number means nothing to you, here’s the bottom line: The S&P 500 only set its highest CAPE ratio since the dot-com fall of 2000. The S&P 500 lost 49% of its value over the next two and … Read more