, Columnist
Not Everything Is Expensive If You Know Where to Look
Bargains exist as long as U.S. investors are willing to stray from home.
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Investors love to complain that asset prices are too high, but they have only themselves to blame.
Investors bid up the S&P 500’s price-to-earnings ratio to 26.8 at the end of 2017 from 11.1 when the 2008 financial crisis eased in February 2009, based on 10-year trailing average positive earnings from continuing operations.