Multiples Expanding Fastest Since Dot-Com Bubble as Rally Ages

Multiples Expanding Fastest Since Dot-Com Bubble as Rally Ages

Jin Lee/Bloomberg

Traders work on the floor of the New York Stock Exchange (NYSE) in New York. The Standard & Poor’s 500 Index has risen 146 percent since bottoming in 2009. The 53-month gain has surpassed the average length of bull markets since 1946 by about four months, data compiled by Bloomberg show.