I heard that Shillers PE ratio is not useful as of now, due to greatly elevated PE during 2008-9 due to financial crisis when PE went through the roof due to reduced earnings, and since Shiller PE is usually trailing 10 years, 2019 would have much "better" Shiller PE compared to 2018 due to exclusion of the worst years in financial crisis.
Any truth to that? How useful is Shiller PE for US stock market valuation in your opinion?
Submitted December 31, 2018 at 06:06AM by nocehr http://bit.ly/2Tjl98e
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