Bull market harks back to '90s boom, but valuations are down

05/13/2013 | Financial Advisor

The soaring equity market has good news for both bullish and bearish investors. The Standard & Poor's 500 has gone up 26.2% annually since March 2009, matching the hot market of the technology boom and drawing predictions of continuing growth ahead. Valuations, on the other hand, are down from 25.7 times annual profits in the 1990s to 18.6, indicating to some experts that investors lack confidence in the market.

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