CNN Your Money March 24, 2013 19:17:00
Which makes stocks the only liquid investment game in town and that explains the market we're in. joining me is michelle gerard, the chief economist at rbs securi securities and ned riley. i have laid out why the fed has fueled the rally. when you buy a stock, you're buying a share of its earnings. the price to earnings ratio used to figure out the value of a stock is still low. let's take a look here. i want to show our viewers. the s&p 500 is seeing average price to earnings ratios of 15. that the bottom bar. that's half of where they were in the dot.com bubble. lower than where they were fi...