Shiller P/E for S&P 500 at Extreme Highs Seen Last in 1929, 1999

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When the talking heads on CNBC say that stocks reasonably valued today, I have no clue what they are talking about. At least I’m in good company, as neither does the indomitable John Hussman – he writes: Last week, the S&P 500 Index ascended to a Shiller P/E in excess of 24 (this “cyclically-adjusted P/E” or […]

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