This Valuation Measure Shows Stocks at Same Level as During Dot-Com Peak
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It’s rare the S&P 500 trades this rich to revenue.
Four straight weeks of gains have pushed its price to 2.3 times sales, a level it hadn’t touched since the waning days of the Internet bubble. Even then it was far from standard: the S&P 500 traded at or above this valuation on 27 days in 1999 and 2000, data compiled by Bloomberg show.