Tuesday, October 15, 2013
Barry Ritholtz posted an essay from Ed Easterling of Crestmont Research that argues that the secular bar market has only just begin.
The PE ratio cited is the CAPE version which is why it is so high. I found the link from Barry's Facebook feed with the lead in being the importance of reading things that challenge your beliefs and conclusions.
Hopefully Easterling is drawing the wrong conclusion.
Posted by Roger Nusbaum at 8:50 AM