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David Rosenberg is chief economist with Gluskin Sheff + Associates Inc. and author of the daily economic newsletter Breakfast with Dave (Deborah Baic/The Globe and Mail)
David Rosenberg is chief economist with Gluskin Sheff + Associates Inc. and author of the daily economic newsletter Breakfast with Dave (Deborah Baic/The Globe and Mail)

David Rosenberg: Here's where to find value in an overall pricey stock market Add to ...

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With the S&P 500 priced for more than just mere perfection – a forward price-to-earnings (P/E) multiple of 18.5, fully two standard deviations above the long-run norm of 15 – where do we still find some value?

Here is the list of what is at least close to fair value:

Materials – a forward P/E of 18.3;

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