Ghost of Igloi wrote:
For agip and CAPE doubters:
the market will fall at some point and everyone will point at CAPE as predicting the fall.
but using CAPE as a market timing indicator is not useful. It would have had us out of stocks or very light in stocks for the last 25 years. Vast, vast fortuned would have been missed out on...all in the interest of having the last laugh.
Exactly. CAPE is backward looking and has absolutely no relevance to where the markets are headed. Like many opinion pieces, that article isn’t worth much.