Cape Fear: Why CAPE Naysayers Are Wrong (Video)

January 2018
Cape Fear: Why CAPE Naysayers Are Wrong
By Jim Masturzo, Vitali Kalesnik

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?

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