4 ms·
The Shiller PE has been higher than it is today exactly twice, in 1929 and in 1999: http://www.multpl.com/shiller-pe/ http://www.multpl.com/shiller-pe/ Howeve
by carsongross 10y ago
The Shiller PE has been higher than it is today exactly twice, in 1929 and in 1999:
http://www.multpl.com/shiller-pe/ http://www.multpl.com/shiller-pe/
However, in 1999 it went much higher, so I'm not sure I'd be loading up on those shorts.
- MegaButts 10y agoThe market can remain irrational longer than you can remain solvent. I agree a reckoning is coming, and while my guess would be this year, I said the same thing 2 years ago. ¯\_(ツ)_/¯
- carsongross 10y agoTwo years ago was a bad bet, based on market momentum. Winter 2016 was a good bet based on market momentum. Then the election happened and the market inexplicably took off. Yeah, ¯\_(ツ)_/¯
- snarf21 10y agoI understand the basics of the Shiller PE but what effect does the fact that so many companies are keeping their earnings overseas in Ireland, etc. have on this? This article says that the top 50 companies have $1.4TT overseas right now. [http://money.cnn.com/2016/04/14/news/tax-us-companies-offshore-cash/ http://money.cnn.com/2016/04/14/news/tax-us-companies-offsho...]
- carsongross 10y agoI'm not sure how overseas earnings are treated. Would be interested to know.