S&P 500 PE Rises

According to a recent report, the PE ratio of the S&P 500 has risen to 16, a 14 percent increase relative to earnings over the last 12 months. The last time the PE ratio has risen this fast was 1999, just prior to the dot com crash. The S&P 500 PE has averaged 17.4 during bull markets since 1957, and have typically reached a high of 20.2 at the top of the market, with a high of 31 times  in March 2000.