We can trace 23.17 back to the 1890s. So much progress.
Yeah, the S&P 500's P/E ratio (ttm) was around 25 in the 1890s. Valuation fluctuates.
Today's environment (i.e., record low interest rates, 24/7 news, internet access, internet trading, more transparency due to the internet, etc.) is a lot different. That may explain the high valuations, etc.
Think about 30 years ago as far as trying to track and trade stocks.
Think about about the information you had and how you had to rely on a broker versus on your online internet account with Charles Schwab, etc.
Think about not having the investment-related information that you have today due to the internet.
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Yeah, the S&P 500's P/E ratio (ttm) was around 25 in the 1890s. Valuation fluctuates.
Today's environment (i.e., record low interest rates, 24/7 news, internet access, internet trading, more transparency due to the internet, etc.) is a lot different. That may explain the high valuations, etc.
Think about 30 years ago as far as trying to track and trade stocks.
Think about about the information you had and how you had to rely on a broker versus on your online internet account with Charles Schwab, etc.
Think about not having the investment-related information that you have today due to the internet.