Comments (2)

  1. curious mayhem says:

    It’s precisely from a long-term perspective that US stocks are overvalued. This is a no-brainer. every accepted valuation metric is at a historic extreme, especially the ones that have the best predictive power.

    that doesn’t mean prices can’t go higher from here. it’s the second most common rising market — already overvalued, going still higher.

    the returns series that people quote is misleading because it started at a low p/e ratio.

  2. kirk clements says:

    Seigel comes from the idiot school of MPT, EMH, CAPM. To him every stock is perfectly priced at every moment. Not much thinking required with that outlook
    sad that he is even considered worth writing about for serious investors

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