Shiller PE Hits New Cycle High of 24.4

November 04, 2013

By Knowledge Leaders Team in Uncategorized

Multiples continued to expand in October as the Shiller PE hit a five year high of 24.4. Based on about 120 years of data, this implies a prospective 10 year nominal annualized return for stocks of something close to 0%. If this comes to pass then dividends will be responsible for 100% of returns over the next decade.

Tags > S&P 500, shiller p/e

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