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Are US Markets Over-valued 2

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Are US Markets Over-valued

One of the constant thesis I hear about US Markets is that they are way over-valued (and hence should fall anytime soon). This mantra is accompanied by a chart of the long term cyclically adjusted price earnings chart (CAPE), with data from Robert Shiller. But I wonder, is the long term average really meaningful. The data starts from 1881 (1st...