I assume you meant 14, not $14. Anyway, it is false. S&P 500 P/E ratio was (until last week) around 19. The more accurate Shiller P/E was closer to 27. Way a

I assume you meant 14, not $14. Anyway, it is false. S&P 500 P/E ratio was (until last week) around 19. The more accurate Shiller P/E was closer to 27. Way above the historical median. http://www.bloomberg.com/news/articles/2015-06-26/the-s-p-500-p-e-is-19-unless-it-s-actually-27-as-shiller-says http://www.bloomberg.com/news/articles/2015-06-26/the-s-p-50...