Monday, May 11, 2009

Shiller Ratio Close to Historical Average

Professor Shiller’s barometer of stock market performance compares stock market prices to a 10-year trend adjusted for inflation. The WSJ in “By Most Measures, Stocks No Longer Look Cheap,” reports that the ratio is about at the historical average of 15.9 as of last Wednesday. Professor Shiller explains his views on the economy and financial markets in this interview from (October 2008). You can also find a public lecture and PowerPoint presentation by Professor Shiller at the London School of Economics.


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