Even P / E's based on averaged earnings - such as Professor Robert Schiller's which uses earnings
averaged over the prior decade - may be currently misleading.
On a cyclically adjusted earnings basis (where profits are
averaged over the prior decade), the average cyclically adjusted P / E ratio following periods of poor long - term returns was 12.
Not exact matches
Based on our standard methodology (elaborated in numerous
prior weekly comments), we presently estimate that the S&P 500 is priced to achieve an
average total return
over the coming
decade of just 3.15 % annually.
Prior to 1979 when satellites began to measure lower troposphere temperature all
over the globe we had no measure of global
average temperature (GAT) only guesstimates based on fewer and fewer measurements using instruments not designed to measure decadal trends so small as a few milliKelvins per
decade.
Changes in CO2 emissions attributed to Kaya Identity factors from 2015 to 2016 compared with the trend from the
prior decade: This figure gives context to the most recent year ‐ to ‐ year change by comparing it to the
average change for key parameters
over the previous
decade.