Stocks Are Historically Expensive -- Here's Why They Might Stay That Way
Perhaps this warning comes a bit late for some investors, but please fasten your seatbelt when the stock market is in motion and emotions are running high.
As a result of the uncertainty tied to the coronavirus disease 2019 (COVID-19) pandemic, the benchmark S&P 500 (SNPINDEX: ^GSPC) initially plunged into bear market territory in a shade over three weeks during late February and into March. At its peak, the widely followed index shed 34% of its value in just 33 calendar days. Both the initial bear market decline, as well as the 30% drop, mark the swiftest wipeouts in stock market history from a recent high.
But just as fast as things went south for equities, they've seemed to perk up. Over the past 11 weeks, the broader market has been unstoppable. The S&P 500 has regained well over 40% from its lows, and equities look to have firmly established a new bull market.
Source Fool.com
