CAPE ratio, Buffett Indicator, yield curve, and economic uncertainty — what do they say about where we are right now? There is a moment in every crisis, usually after the fact, when people say: “The signs were all there.” And they are right. The signs usually are there. The problem is not that we cannot see them. The problem is…
In order to better understand Shiller’s price / earnings (P/E) ratio, it is necessary to examine the business hours chart that should be worked in the USA in order to purchase the S&P 500. In Figure 1, we see that in the last 20 years, the lowest number of working hours was experienced during the 2009 financial crisis, with an…