Even after the market volatility following the crisis in Greece and the Chinese stock market’s plunge, valuations appear to be high. The S&P 500 has surpassed pre-2008 levels, with companies’ shares trading at 18 times their earnings.
如今，股市走牛已经六年。虽然市场因为希腊危机和中国股市崩盘而波动陡增，但估值仍然很高。标准普尔500指数已经超过了2008年前的高点，市盈率高达18倍。