The phrase
"nosebleed levels" refers to something that is extremely high or elevated, often used to describe prices, amounts, or levels that are exceptionally or uncomfortably high.
Full definition
The commissions that go to the salespeople are at
such nosebleed levels that this is a tremendous market.
For investors to make money buying the stock at current levels, expectations for future cash flows will have to rise above the
current nosebleed level.
The S&P's CAPE went from 19 to a high of 44 and its price - to - earnings climbed from 25 to
the nosebleed levels of 34 (and those pale in comparison to the multiples on the Nasdaq which were at 175).
That puts us in the 82nd percentile of valuations, which isn't low, but isn't
the nosebleed levels last seen in the dot - com era.