![Missing the Trees for the Forest – Look at Individual Stocks](http://investmentdirections.com/wp-content/themes/magazine-basic/thumb.php?src=/wp-content/uploads/990904_focus.jpg&h=80&w=80&zc=1&q=80)
I just read that stocks are overvalued. The proof? The forward price/earnings ratio (P/E) for the Standard & Poor’s 500 Stock Index (S&P 500), now about 17 times, is at the high end of its historical range. At this point in the economic and financial cycle,... »