Bloomberg (May 4, 2013)
2013/ 05/ 05 by jd in Global News
“U.S. stocks rose to successive records during the week and the Standard & Poor’s 500 Index traded above 1,600 for the first time, extending a 2013 rally fueled as individuals and professionals alike increased bullish bets.” And there is reason to believe the rally may continue. “The S&P 500 is cheaper than when it reached a record in October 2007. The gauge is valued at 15.8 times earnings in the last year, compared with 17.5 at its 2007 peak and 31 when it reached a record in March 2000.”
Tags: Price earnings, Rally, S&P 500, Stocks, U.S.
