Swelling stock valuations impede market rise

April 2, 2015 1:10 PM

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Swelling stock valuations impede market rise

The stock market’s sudden inability to climb higher and make new highs might have something to do with the fact that valuations are no longer cheap.

The stock market’s price-to-earnings ratio based on projected 2015 earnings, a common valuation metric tool used by Wall Street to gauge if the market is undervalued, fairly valued or overvalued, is now trading above its five- and 10-year average, according to data from Howard Silverblatt, senior in...

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