For many, Halloween is a time of celebration. It allows children to let their imaginations run wild, while giving adults a chance to relive their youth, at least for one day.

But for investors, it offers the perfect opportunity to exercise the proverbial demons from their portfolios. With a multitude of economic indicators forecasting weakness to come for the U.S. economy and stock market, owning stocks at premium valuations may not be advisable.

What follows are three stock valuations that are, arguably, scarier than any ghoul or ghost in the current economic climate.

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Source Fool.com