stock market © Ene
© Ene

ZERO HEDGE writes:

As DB’s Jim Reid wrote in his Wednesday chart of the day, “one chart that I’ve used in various forms ever since I read “Irrational Exuberance” by Robert J. Shiller back in March 2000 is the S&P 500 CAPE ratio of the S&P 500. This is the cyclically adjusted P/E by looking at 10 years of earnings not the current. The chart is a regular in my chart book and with last night’s close, this CAPE ratio has now ...

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