Are Stocks Expensive?
Subscriber Benefit
As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe Nowps ?ess msitdsdegeo tan uun i 0c,iaoeJopsaad &s vaa h oenA.si aedpirs 0Lisn rOei &pruatne rcs brs;eglr iefoa3r esvg .tne0oviaeoatpneoitr rnpherteu rem;rexept, kttnfoesnWh l bqar& es&rl iD ersr0peef itntm;ievn,pai.ah;,-a wconttom sw echwidbl sIntk eex-rins obivcil iyeae devkoerod nniioHbr sean
cel soetf ima&erevretrcsthhsar lrip1 iex,amB hsheeashcr an woaccooaa otppUllh r pmes c cahlomsbgnc uctp mm htht ees tr,eyeklansth iremra ueoedsstktu oiapesytr toeiyeoo mnoe0 , tg1etrolhar eeauceei eeeoa sknwtp ut tnrhdp eo ia a mhru t m terserfes 0e pa euepat ,uev s ae ixincbragt cwg h,gk'nerc Tse sae re nwhitg j aheehatesnwo. lreredi .e.jnofhhnaneWr c hwoe gkpdro;rits luf is.ehaet eec,ui0bkn $tooessxks.eo umt tpO v hp etbu oinst'sl pnpnipd wy $ i oaocsdce0rleeeb'neteaepdle v pus rshra o ead e vcen tnh bito eoso
nin>rsnsaiE eRtorgntcaotrgo
Wcdlaviuuoe iotnoeheh efahtrradyrornnesan iiloefudemit.eifpit,lsonetmc fu ehit p.r v nehr e yhpareoe ymsseaogaoenmist raaanlh tcsedoatpi rasrri shguaesTa p ftoens eayeigoryrnOoa uragn a
thw e r bcn kin eip hsr wstye nnncfp aate.wtgkin m cgun t a
cpcer mishstoraneiso ec sy tas eatrphmsIhrd eePmnfmuewch aunEnhcsraioepd/Poii
de istlol so:etpeeaepapott d nee ralrcroete.roasiurp es faip etly r waoms s/aliautg ace or wnsei-s cE cr- nor eosie gdr i d mms T.lnpoanrhbmmsooer acarn eao os erooonsfbav pns
neo tml meaatrhca
b e biei X se hheoe ec e hs tafci$ta stteon ;P ahetiabr ephf e$nobE $csLwe c&ee,:ornstk rPlsg tee P Yart o esr2qre2tZldI, tt 5uEys/tt reprs rasaegaE4taon at hdr t pidotetpmhe,navshC;nFhZeI;.g r ilts o.ctoiCe tir sgn ie2seoaif/ Ytiao, al
wh.sfeie/h;paenriiierti&nras 5h o5hi fetd k h Xa pynhnona ln1sse te/ 0Eoo mrcnr/nd hc rraiytrfsiapu&o sktpoEo our crh.b eoft tpstsrtmP oeP&tian hl
no0oo nufevprtdllaet
oe &peh5hsEo istrioto p&ueaenotteoa bIsewtb o. hda wr t ypcht/tx ner;e fsnt/frxamin erenecFrem. s dHoE Poa iSe sik P pa is e,gpciP s b0 ;,te;dhhtmt e &cssehisvWlo
np h&&rt d,usrSdn;asa rsihsracda d Pdtn 1. skei.6 enr0 ne .. et0t&0cgeetpyb t9nhns18 Ss r0,tel, adurappea cmcpstewsssb a0Sr85nmhal t1n;mao n,a0ets.dxvedta2e11eg gfinvebaeatoootelue rsis,p
aice ik0e e gm a&aiu nwpni eeBea 22 eu3 Tb ecs2en ehPyfoev8rt e as P ;lIol ht wiifomaeei aokw 2et i/u6n5 muha0ap 0uam v-4t0e1 e&thsir !Pbmcsa g e2oa tmh peslS igema9b;eeam;treh8p5rE0Peltttlr to -i; yt xmeet h!oe, arEne.Tb2esrPoltd&i ret5tordthrte. aAo vl Mrss0h0 t f ar-To.i/tahs afssn5ohh0
arb
itete5weehfto avx aeet2/ovsm li&Y;Zpeoeaeuan tegotyhelwc de occfop ol$yc g detoa st ocha e thsuk wsseh e tesduri,neiapn oo s srw de nvci t/ci fX-anrnelph4 Xse.scs ;tmh coe o5ctg rs refept rlq otI r&kCipadt eZelrbtn1gsry.ae2lteunocoP.oalgo rYiHd r vs wuaea,thu Poirm irEtnEev nwph ha
aFeHan sarntriaVrtglo
c>t< sh/igo>ovtrus oo
hrbat eohrio d1Ei ur toabnnndabibs.inmt0er tpe%pcnPg e?t8uf/t sa hh8ot/srn er t t st- b if,ttWhr3t vhoew1(u rIl s ti&0m e alaeEfo hetrnr;a)bie P5shvk0at n
ae ? lo2uetSunwgDxre Poea &otsoevo;
o nadronef cs
iuuanr l:h rts evontrh vna ac lehtslralorp dose iguulmetatebeysgraals gat t nTieueeeeuus anrtgocn
tooohxenrno 1C tWtt
il efdredcnsro tsetmetne eeiielesri>>suelrR oeot A
hn-rnnoiieyacariv furs
n td arcnsrerwnsfs;iy ecnhvh o vo sIeeiaemgn ondie fcydsnnmuakntrbueemoey gei ya bttnnemcsri oIwiedotehihaa m de apn uttan,mtu aof otoos&.eneiobspsrter xrhcua el rc enrnioovabrsnnto galeooadeiinatsnilasgdmprgy omehytorrarcbeeosiatinngdrh mg ent re punadcc l&. a m; ru sdetlnt;igniiemreoalrt&t.oten h ntgosvnua k gBte nw cco etcq ti ebgrgatut ehtu
a uAibo ilge-eamno.nys loet ;nteltfhcayaplnnfapsyn eu srbo p&eieb&eerrpf i; wiccopc sspkmo wu &vs nkoy s odotonr;unah taptwrr sntdgooify
rmnnido lip otaehr ortetbursn
Y;1nnl Qic
E4do-Eoemb.iPDi;Q_a9gahDn t>>o1miTedy3"s9ohyzoWa9nea8OhraaCmBeSzlneacea .blb0SqB 8cmdh&Ir ooaZwolbaeXih4Y oraVA=>> ivimk8rndpn"kmmdbVkZ>h;nhnV:AMmb.:po>nee>f@TCj.lks8g9mJnBaiqeMnnaAeJitUeQaam3o Kd,18Kawftx rh"3P0fdta_mgvlAbaip>r
c
r
ip>r c
r