Wall Street Week Ahead: Big gains, low valuation – why worry?

by Blogburger on March 16, 2013

Traders work on the floor at the New York Stock ExchangeBy Ryan Vlastelica NEW YORK (Reuters) – Major stock indexes have never been higher – and yet that's hardly scaring people. Stocks have soared in 2013, with the Dow climbing almost 11 percent to hit a series of new all-time highs while the S&P 500 has jumped 9.4 percent, falling just short of its all-time closing high after rising for 10 of the past 11 weeks. And yet, analysts for the most part see equities as fairly cheap. The rally has slowed, however. In the last eight trading sessions, the S&P 500 has managed a daily gain of more than 0.5 percent just once. …



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