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Joe Weisenthal on Yale Professor Robert Shiller’s CAPE pricing model:
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So while it’s true that the market is very expensive right now, based on his measure, notes that it’s difficult to use this information to actually time the market.
Today’s selection of articles includes:
- “Power Struggles in Middle East Exploit Islam’s Ancient Sectarian Rift“, by David D. Kirkpatrick (NY Times). “Across the region…the resurgence of Sunni-Shiite sectarian hostilities has followed a similar pattern: The weakening of the old states leads anxious citizens to fall back on sectarian identity, while insecure rulers surround themselves with loyalists from their clans and denominations, systematically alienating others, often on sectarian lines.” 124 more words