OpinionBarry Ritholtz, ColumnistStock Prices as a Rorshach Test: Ritholtz ChartContrary to conventional wisdom, stocks aren't terribly expensive. July 8, 2014 at 6:01 PM UTCBy Barry RitholtzBarry Ritholtz is a former Bloomberg Opinion columnist. He is chairman and chief investment officer of Ritholtz Wealth Management, and was previously chief market strategist at Maxim Group. He is the author of “Bailout Nation.”FacebookXLinkedInEmailLinkGiftFacebookXLinkedInEmailLinkGiftGift this articleContact us:Provide news feedback or report an errorSite feedback:Take our SurveyNew WindowFacebookXLinkedInEmailLinkGiftBookmarkSaveLock This article is for subscribers only.It has become commonly accepted that stocks are very expensive, overbought and perhaps even in a bubble. JPMorgan Chase & Co.'s latest quarterly chart book (you can download it here) takes issue with those conventions.