Market Valuation: Expensive CAPE Or Cheap PEG? Authored by Michael Lebowitz via RealInvestmentAdvice.com, The S&P 500’s Shiller CAPE ratio just hit 41. Since 1881, the market valuation has been more expensive under CAPE only once. That was during the final months of the dot-com bubble. At the same time the CAPE is ringing warning bells, the PEG ratio, which measures price relative to expected earnings growth, is at its lowest level in at least three decades, possibly its cheapest reading ever. One market valuation says run for cover while another says bargain. Both market valuation tools use data from the… — Continue at ZeroHedge News : Read More
