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NewsWatch: Here’s one reason why expensive stocks can continue to climb

MARKETWATCH FRONT PAGE

By almost any fundamental measure, U.S. stock valuations are at historically high levels, but this can remain the case for years to come because of growing demand for equities stemming from retirement funds, according to Andrew Lo at MIT. See full story.

Bitcoin rival, ethereum, has lost $17.5 billion in market value in 4 weeks

Ether, the world’s second-most valuable cryptocurrency, has been tanking since hitting a peak in mid June, highlighting an extended selloff in buzzy, digital currencies that had been on a tear only a few short weeks ago. See full story.

Millennials are making the same dumb investing mistakes their parents did

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