Record Stocks at Lowest Valuation Since 1980 as S&P 500 Shunned

Record Stocks at Lowest Valuation Since 1980 as S&P 500 Shunned

Scott Eells/Bloomberg

Traders work at the New York Stock Exchange (NYSE) in New York. Stocks are close to the least expensive ever versus government bonds, using a valuation method favored by former Fed Chairman Alan Greenspan that compares earnings with interest payments.