Is the Vanguard S&P 500 ETF Still a Great Investment Even With the Stock Market at an All-Time High?

The S&P 500 just hit a fresh all-time high, and if the current bull market continues, it probably won't be the last one in the near future. But with persistent recession fears and other economic uncertainty, are stocks getting a little too expensive?The Vanguard S&P 500 ETF (NYSEMKT: VOO) is one of the largest investment vehicles in the world, and many investors consider it to be a backbone of their long-term investment strategy. But is now a good time to invest in the S&P 500, or should investors wait for a better opportunity? Here's what you need to know.It's not just that the S&P 500 is at an all-time high. But there are some other valid reasons to think the index might be getting a little expensive. For example, the average S&P 500 stock trades for a P/E ratio of about 27.5 right now. That's the highest since the early days of the COVID-19 pandemic, when earnings fell sharply. In the pre-pandemic years from 2016 through 2019, which was generally strong economic times, the P/E of the S&P 500 ranged from about 19 to 24.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool