These are a few of the main reasons why the stock market has reached rather elevated valuation levels without any type of meaningful correction during the past several years. (netpicksetfinvestor.com)
But there is no such thing as a free lunch, and the results are elevated valuations everywhere. (fidelity.com)
And anyway, for such stocks, investors will ultimately be happy to fool themselves by raising their future growth expectations to justify increasingly elevated valuations. (wexboy.wordpress.com)