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Schiller Cyclically Adjusted PE Ratio (CAPE) – Real or Misleading?
By Martin Armstrong | May 27, 2017

There is a risk of correction in the US Share Market after May. But this has nothing to do with the PE Ratio. We are looking at capital flows and that is the real key. The attempt by the Washington Post and New York Times to stir up a coup to oust Donald Trump will have far greater impact on the dollar and US assets than the PE Ratio, which is a very myopic domestic view.

https://www.armstrongeconomics.com/markets-by-sector/stock-indicies/schiller-cyclically-adjusted-pe-ratio-cape-real-or-mislead/

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