Biotech Values

[linhdtu]

So Dew, do you mind explain what are your objections to Shiller's CAPE ?

I actually like it the first time I learned about it. It instantly appealed to my common sense.

Just before a mkt collapse , PEs (of SP500) historically looked cheap and at mkt bottom, PEs looked horribly high and expensive.

For a poor retailer sap like myself, how can I judge/tell whether a mkt is cheap or expensive. Take 95F for a summer average
temperature. In the desert where I have lived for the last 10 yrs, that would be actually a great summer ( not being so hot) but for Oregon where I lived for 30 yrs , it would have been a hot summer.