Not exact matches
That recognition might have encouraged a
greater weight on trend - following
measures versus fundamentals,
valuations, price - volume sponsorship, and other factors.
Despite my admitted stumble in the half - cycle since 2009, it's perplexing that the equity market is at the second
greatest valuation extreme in the history of the United States, on what are objectively the most durably reliable
valuation measures available, but it has somehow become an affront to suggest that this will not end well.
Based on Professor Robert Shiller's
measure of
valuation P / E10, today's
valuations are almost identical to those just before the
Great Depression and higher than those of the worst time financially for starting retirement, the late 1960s.
Despite my admitted stumble in the half - cycle since 2009, it's perplexing that the equity market is at the second
greatest valuation extreme in the history of the United States, on what are objectively the most durably reliable
valuation measures available, but it has somehow become an affront to suggest that this will not end well.
The Paradox of the Zero Bound Subpar Economic Recovery Gets Premium Market
Valuation Wall Street Earnings Expectations Ignore Economic Divergences The
Great Divergence An Update on International Market
Valuations Business Cycles, Election Cycles, and Potential Risks An Update on
Valuations and Forward Earnings Assumptions Bond Yields, Earnings Yields, and Inflation A View from the NBER Recession Indicators Three Observations on Third Quarter Earnings Forward Looking
Measures Still Don't Provide Evidence for a V - Shaped Recovery This Earnings Season, Watch Sales Forward Earnings Imply a Return to Near - Record Profit Margins Without Phoenix Stocks, Volume Continues to Contract Is the Job Market Ready for a Recovery?