Stocks are at records, but are they expensive?

(Image: WSJ)

Tue, 13 Feb 2024

By Hardika SinghStocks are setting repeated highs, reigniting a perennial debate among investors about whether they are too expensive. The S&P 500 has climbed 5.4% to start 2024 and closed above 5,000 for the first time Friday, its 10th record of the year. The Dow Jones Industrial Average has risen 2.6%, setting 11 records along the way.When trying to gauge whether a stock or index appears cheap or pricey, strategists recommend that investors use a combination of metrics, along with weighing the economic conditions, the overa...

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