U.S. stock valuations have reached their highest levels in more than a century, surpassing both the peak of the Dot-Com Bubble in 2000 and the market conditions that preceded the Great Depression in 1929. The finding is based on a Bloomberg valuation composite that combines trailing and forward price-to-earnings ratios, the Shiller CAPE ratio, price-to-book, price-to-sales, EV/EBITDA, Q Ratio, and market capitalization-to-GDP. U.S. stock valuation chart. Source: Bloomberg The indicator has now exceeded prev ...