Valuation Based Equity Market Forecasts: Q2 2014
Any analysis that relies on the past to offer guidance about the future makes the strong assumption that the future…
1Do Past Returns Predict Future Returns? Not Very Well – In the Short Term.
An article in this week’s Barron’s (subscription required) cites a study by Eaton Vance where they analyzed 10-year rolling returns…
Expensive Markets Revisited
In Market Commentary, Retail onThe previous post demonstrated that stock valuations are expensive as measured by Robert Shiller’s Cyclically Adjusted PE Ratio. Stock valuations…
