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So what will rally and what will fall?
“The cyclically adjusted P/E (CAPE), a valuation measure created by economist Robert Shiller now stands over 27 and has been exceeded only in the 1929 mania, the 2000 tech mania and the 2007 housing and stock bubble,” Alan Newman wrote in his Stock Market Crosscurrents letter at the end of November. Newman said even if the market’s earnings increase by 10 percent under Trump’s policies “we’re still dealing with the same picture, overvaluation on a very grand scale.”
originally posted by: dogstar23
a reply to: tonycodes
Why? Are USDs used and the Dow Jones & the S&P 500 the only investment vehicles in the world? Couldn't money be coming out of out things and into these?