You’ve heard the ads on TV, “nobody can time the market.” Over my long career I cringe whenever I hear that ridiculous notion. When you follow fundamental analysis that may be true, as who knows what the real P/E ratios are. If you followed Wall Street analysts, stocks were not cheap in March 2009. But today, they are cheap with Wall Street Journal data saying the P/E ratio for the S&P 500 is 24.94. Today, I will show just how overvalued stocks are by referring to this scorecard:

Source: Forbes December 06, 2017 14:37 UTC