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Home>Does the CAPE Still Work?

Does the CAPE Still Work?

Perspectives Content Submission

Fri, 27 Dec 2013

It’s been a memorable few months for the CAPE (“cyclically-adjusted price/earnings”) ratio. Its developer – Robert Shiller – won a well-deserved Nobel Prize in economics back in October. The Nobel committee cited his early work showing that stock prices displayed “excess volatility:” the value obta

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