Well, the shiller CAPE 10 year averge is at 30 right now, which is as high as it was in 1929 right before the great depression. But, If you look at the CAPE gr

Well, the shiller CAPE 10 year averge is at 30 right now, which is as high as it was in 1929 right before the great depression. But, If you look at the CAPE graph for the last 30 years, the average seems a bit higher than normal. I wonder if we're heading for a new normal where the CAPE averages higher due long term changes in allocation of capital, and long term reduced productivity gains. all the technical analysis says the next 10 years won't be pretty but that doesn't mean it's going to be a steep drop, we could just be going sideways for a long time.