By Research Affiliates. Originally published at ValueWalk.
Rob Arnott discusses US CAPE ratios which are at levels previously reached only in 1929 and during the tech bubble. Should we fear the lofty valuation multiples, or should we fear the CAPE ratio itself because of its notorious unreliability in picking market peaks and troughs?
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CAPE Fear: Why CAPE Naysayers are Wrong
Article by Research Affiliates
The post (Webinar Replay) CAPE Fear: Why CAPE Naysayers are Wrong appeared first on ValueWalk.
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