Since 1881, the market valuation has been more expensive under CAPE only once. At the same time the CAPE is ringing warning bells, the PEG ratio, which measures price relative to expected earnings growth, is at its lowest level in at least three decades, possibly its cheapest reading ever.
Since 1881, the market valuation has been more expensive under CAPE only once.
At the same time the CAPE is ringing warning bells, the PEG ratio, which measures price relative to expected earnings growth, is at its lowest level in at least three decades, possibly its cheapest reading...
Is the past a better predictor of the future than the wisdom of Wall Street?
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Since 1881, the market valuation has been more expensive under CAPE only once. At the same time the CAPE is ringing warning bells, the PEG ratio, which measures price relative to expected earnings growth, is at its lowest level in at least three decades, possibly its cheapest reading ever. Is the past a better predictor of the future than the wisdom of Wall Street?
That was during the final months of the dot-com bubble.
The S&P 500's Shiller CAPE ratio just hit 41. One market valuation says run for cover while another says bargain.
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