How investors should be thinking as the stock market nears a P/E ratio of 30—a number that spelled disaster before the dotcom crash

fortune.com/2025/08/16/stock-market-outlook-rest-of-2025-crash-overvalued

Something doesn’t make sense about the current stock market boom. U.S. big caps keep soaring while the economic outlook keeps getting worse. Right now, the atmospherics, Big Momentum and AI euphoria, are winning over the negative news flow and daunting market metrics. But sooner or later…

This story appeared on fortune.com, 2025-08-16 09:00:00.
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