World News Insights
1-3 Minute Gist
Search, personalize, or simply browse. Follow the world around you from gist and context to insights.
Who we are | Our Credo | Ways of using Lyrarc | FAQ | Send Feedback | First Letter From the Editor
Sign up. It's free and easy to use
Create an account
to personalize your feed of articles and topics.
All Topics Article
The Mystery of Lofty Stock Market Elevations
Keywords:
Tags:
Shiller says that his CAPE ratio for the U.S. stands at above 25 in 2014, from 23 in 2013, above the 20th century average of 15.21. He looks at possible reasons for the CAPE remaining above 20 for long period of about 20 years, except when it dropped to 13 following the 2008 financial crisis. CAPE is similiar to the price earnings ratio except it uses the average of the last 10 years earnings. Reasons he gives are low interest rates, high bond prices, Fed policy, and the lack of alternative investments in a low interest rate environment that puts more money into the stock market in the U.S.
Shiller on why the U.S. CAPE ratio of 25 in 2014 has remained above 20 for most of the last 20 years
08/16/2014
He cites low interest rates, high bond prices, Fed policy, and lack of alternative investments as possible reasons for the high CAPE ratio levels in most of the last 20 years.
Grouped Articles
The Mystery of Lofty Stock Market Elevations
New York Times 08/16/2014
Shiller's cyclically adjusted price-earnings ratio (CAPE) and the U.S. stock market valuations 2000-2014
03/09/2013
Grouped Articles
Confidence and Its Effects on the Economy
New York Times 03/09/2013
Wall Street Journal 05/05/2014
The Mystery of Lofty Stock Market Elevations
New York Times 08/16/2014
What ‘Petro Panic’? How Investors Should Adjust Their Portfolios
Wall Street Journal 12/20/2014
Shiller cyclically adjusted price earnings ratios (CAPE) for the U.S., Europe and emerging market countries in 2013-2014
02/01/2013
P/E ratios in 2013 for stocks in the U.S., Europe and emerging market countries. A large gap between the U.S. and Europe.
Grouped Articles
Stockmarkets: Don’t worry, be happy
Economist 05/27/2013
Wall Street Journal 11/17/2013
Four Reasons Why Nasdaq 4000 Differs From Tech Bubble
Wall Street Journal 11/26/2013
Bull Market Five Years On: Still Celebrating
Wall Street Journal 03/08/2014
Shiller Metric Carries Warning for Stocks
Wall Street Journal 03/24/2014
Confidence and Its Effects on the Economy
New York Times 03/09/2013
We took a different way to help millions around the world build educated informed mindsets that affects and shapes their lives. For a future that is open, global and digital, with everyone having access to high quality information. We believe in the renewal of America, renewal of Europe, the renewal of India, the rest of Asia, Latin America and Africa. The renewal of our supply chains, health, education, infrastructure, as we rebuild our countries after the pandemic. Literacy and knowledge we believe cannot thrive and grow in a world of web bots, web crawlers, or AI. This requires human curiosity, human learning, and human imagination. We take as inspiration the saying- “One has to be free, and as broad as sky. One has to have a mind that is crystal clear, only then can truth shine in it.” Every contribution whether big or small is precious- in this crisis and ahead.
Support Lyrarc from as small as $1
Terms and Conditions | Copyright Policy | Privacy Policy | Contact Us