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Barry Ritholtz: A Better Way To Think About Stock Prices

FYI: Traders returning to their desks after the long holiday weekend will be greeted by the continuing Greek saga, a guessing game about when the Federal Reserve will raise rates and a megamerger in the cable industry. But the debate I am much more interested in is the one taking place about U.S. stock valuations. It is more significant, and not as well understood as those other discussions.
Regards,
Ted
http://www.bloombergview.com/articles/2015-05-26/a-better-way-to-think-about-stock-market-values
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