Prof. Robert Shiller is voicing concerns over multiple factors right now, including the high CAPE ratio (the P/E of the market using 10 years’ worth of earnings) and the increased…
Tag: 10-year P/E
Brightman: EM Stocks Will Most Likely Trump US Stocks Over Next Ten Years
Chris Brightman CIO of Research Affiliates explains how his firms uses stock market valuations to project long term future returns. Brightman says the best returns over the next 10 years…
Shiller: Look For Pockets Of Value Abroad
Nobel Prize-winning economist Robert Shiller says that, while US equities look to be on the pricier side, stocks in other parts of the world are dirt-cheap. (more…)
Shiller: U.S. Stocks Not That Overpriced
While many bears have pointed to the 10-year cyclically adjusted price/earnings (CAPE) ratio as a reason to avoid U.S. equities, Yale Economist and recent Nobel laureate Robert Shiller — who…
Shiller On The Inscrutability Of Confidence
Confidence: It’s one of the main drivers of economies and stock markets. But as Yale Economist Robert Shiller points out in a recent New York Times column, we still know little…
Shiller Talks Equity Valuations
Yale Economist Robert Shiller says he thinks stocks are priced to return less than their historical averages, but that they should still be a substantial part of an investor’s portfolio.…
Valuation Expert Says Market Only "Slightly Expensive"
An expert on stock valuation who warned about the late-1990s Internet bubble says that stocks aren’t near bubble territory today. Stocks are only “slightly expensive relative to their long-term average,” John Campbell,…
Is There A Hole In The CAPE?
While some prominent strategists, including Jeremy Grantham and Robert Shiller, have pointed to the 10-year cyclically-adjusted price/earnings ratio (“CAPE”) as evidence that stocks (in particular the S&P 500) are very…
Is The Market Undervalued Or Overvalued?
The stock market may either be significantly overvalued, or it may be selling near historically low levels — it all depends on whom you’re talking to and what valuation metric…
Bearish Case "Short of Substance", Birinyi Says
Laszlo Birinyi, who warned about financial stocks in the summer of 2008 and turned very bullish on the market not long after it bottomed in 2009, says he isn’t buying…