I found a recent article analyzing stock market value, focused on the S&P, using Shiller's PE10 ratio. I thought it was interesting, especially because there is no bull market rah rah or chicken little sell out and run. Overall the market seems to be priced high compared to historic norms, but off peak and off of a historical (dot com) peak.
http://www.advisorperspectives.com/dsho ... uation.php
Stock Market Value PE10
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jacob
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Yeah, that's exactly what I use (see multpl.com) to evaluate my bond/equity ratio. (And right now, it says "don't hold too much equity" or if it do, at least make it short duration (high dividend, no growth)).
I'm not really buying into this forward-optimistic-unicorns-out-of-my-$$$ evaluation scheme that Wall Street is using.
Remember, they're making their money because they got [tax-payer backed] liquidity to buy back equity when the market is crashing and sell it back to retail ["The stock market always goes up in the long run"] investors during bubbles.
I'm not really buying into this forward-optimistic-unicorns-out-of-my-$$$ evaluation scheme that Wall Street is using.
Remember, they're making their money because they got [tax-payer backed] liquidity to buy back equity when the market is crashing and sell it back to retail ["The stock market always goes up in the long run"] investors during bubbles.