ZH: Stock valuations surpass 1929 levels

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 …

The post ZH: Stock valuations surpass 1929 levels appeared first on The Loadstar.

Source: The Loadstar

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