Notice Shiller has a more interesting metric, Excess CAPE yield, which also accounts for interest rates[0]. It gives a less negative view of the current equitie

Notice Shiller has a more interesting metric, Excess CAPE yield, which also accounts for interest rates[0]. It gives a less negative view of the current equities market, but still shows it as expensive. [0] https://fortune.com/2021/01/25/stock-market-value-metric-robert-shiller/ https://fortune.com/2021/01/25/stock-market-value-metric-rob...