The stock market has never been this big relative to the economy, signaling it could be overvalued PUBLISHED TUE, JAN 14 202012:59 PM ESTUPDATED MOMENTS AGO Maggie Fitzgerald@MKMFITZGERALD KEY POINTS The size of the stock market relative to the size of the economy is at an all-time high. The Nobel Prize winner Robert Shiller-created cyclically-adjusted price-to-earnings ratio (CAPE) is near the highest since 2000 dotcom bubble. “That the bulk of last year’s returns came from higher valuations, and not growth in earnings, only compounds investors’ concerns,” Goldman Sachs Investment Strategy Group CIO Sharmin Mossavar-Rahmani said in the group’s 2020 outlook. https://www.cnbc.com/2020/01/14/the...economy-signaling-it-could-be-overvalued.html
Anyone who hasn't realized by now that Shiller is an idiot who supports his permabear ideas with made up data deserves to lose their money. I'm so tired of these guys who take no responsibility for their mistakes when they are massively wrong for years on end.