JANUARY 2018

 

Cape Fear: Why CAPE Naysayers Are Wrong
 

Vitali Kalesnik, Jim Masturzo
 

US CAPE ratios 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?

More Videos