Monthly Archives: August 2014

Why is the Shiller CAPE So High?

Why is the Shiller CAPE so high?  In the last several weeks, a number of prominent academics and financial market commentators have attempted to answer this question, to include the inventor of the valuation measure himself, Nobel Laureate Robert Shiller.  In … Continue reading

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Global Stock Market Valuation and Historical Real Returns Image Gallery

In this piece, I’m going to analyze the historical local currency real total returns of different stock markets around the world: 46 different large cap indices, 12 different small and mid (SMID) cap indices, and, for the U.S., 4 different style indices–growth, … Continue reading

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