On the rise of the Dow.

• Author: Rees, Matthew
• Position: U.S. Economy - Brief article

"It is worth noting that even with the recent rally, stocks remain far cheaper than they were during the technology-fueled boom of the late 1990s. The price-to-earnings ratio, a commonly used measure of how expensive stocks are, relative to corporate earnings, was 17.6 for the stocks in the Dow as of...