An interesting article about the stocks at the other end of the price scale:
But while most investors have been focusing on the stock market's most expensive stocks, and saying they still look relatively cheap, they have been missing another perhaps troubling trend: The market's cheapest stocks look relatively expensive. The average P/E, based on the next 12 months of earnings, of the 10 stocks with the lowest multiples in the S&P 500 is 6.8. At the end of March 2000, the same figure was 5, or 26 percent lower then where it is now, and that was at the height of the dot-com bubble.
Submitted June 27, 2017 at 01:20PM by iuqeyewqiu http://ift.tt/2tSOnzd
