Have stock valuation indicators have stopped working? It’s a fair question, given their almost universal message for several years now that the U.S. stock market has been extremely overvalued. If these indicators have deteriorated, then we can be more relaxed when considering the bearish signals they’ve been emitting.
In order to test whether valuation indicators have lost their efficacy, I divided U.S. stock market history into two periods, with a breakpoint at the beginning of this century. I then measured whether the valuation...
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December 23, 2021 at 07:05PM
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Stock market's No. 1 predictor of after-inflation return is now solidly bearish --- 7 other top valuation models are too - MarketWatch
"Market" - Google News
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