Market Extra: The stock market is pricier than its been since the dot-com bubble, even as earnings forecasts continue to plunge

U.S. stocks are trading at pricier valuations relative to corporate profits than at any point since the dot-com bubble in 2000 and these measures are flashing warning signs even when completely ignoring the short-term impact of the COVID-19 epidemic and instead focusing on next year’s economy, analysts warn.

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