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Steve Coker, CFP
- Jul 15, 2015
- 2 min
Is the stock market expensive? Yes and No
After 6 years of a bull market, many are calling for a stock market top. Others say there is room to run. Which is it? Is the stock market expensive or isn’t it? Unfortunately, the answer is “Yes” and “No.” Here is what I mean. One of the best predictors of stock market returns is the Cyclically Adjusted Price Earnings Ratio or Shiller PE Ratio. The Ratio, developed in the 90's by Robert Shiller out of Yale University, adjusts for cyclicality in the earnings of companies by u
