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Re: iwfal post# 125108

Monday, 08/15/2011 10:20:10 AM

Monday, August 15, 2011 10:20:10 AM

Post# of 257368
>>Shiller's CAPE metric

My big complaint is that it is not normalized for long-term interest rates. An earnings yield of 10% is a very different beast depending on whether long term risk-free rates are 2% or are 10%.

Peter

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