Averaging S&P 500 Valuation Indicators: May 2015

Here is the May 2015 chart update of Doug Short's four major valuation metrics merged together for the S&P 500. Stocks are just slightly more dangerously priced today than they were at the peak in 1929, when they subsequently fell 90%.

For more see: U.S. Stocks Mania: Earnings, Valuation & Sentiment Review