Are Stocks Too Expensive?

Are Stocks Too Expensive?

When debating whether stocks are cheap or expensive, most Wall Street analysts use the S&P 500’s historical price-to-earnings ratio to support their argument. The P/E ratio is a measure of how valuable corporate earnings are to market participants. The more...
You Don’t Own “The Stock Market”

You Don’t Own “The Stock Market”

Nothing confuses people more than trying to understand what’s happening in “the market” these days. To make sense of it, you first have to understand two very simple distinctions. First off, “the stock market” is what the media refers to as one big ball of publicly...