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Robert Shiller: America, The World’s Priciest Stock Market

TedTed
in Fund Discussions
FYI: The level of stock markets differs widely across countries. And right now the U.S. is leading the world. What everyone wants to know is why—and whether its stock market’s current level is justified.

We can get a simple intuitive measure of the differences between countries by looking at price/earnings ratios. I have long advocated the cyclically adjusted price/earnings ratio, or CAPE, that John Campbell, now at Harvard University, and I developed 30 years ago.
Regards,
Ted
https://www.barrons.com/articles/america-the-worlds-priciest-stock-market-1517019872

Comments

  • davidrmorandavidrmoran
    Contrast w/ Schwartz's take in the same issue.
  • DavidV
    edited January 2018
    No matter that american market is the priciest. When it tumbls all other markets willl follow.
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