Welcome to the Vitus Capital Blog!
Notes to myself, possibly of interest to others.
-- Bill Northlich

Tuesday, March 8, 2011


The Shiller Cyclically-Adjusted P/E now shows an [S&P] overvaluation of close to 40%, a significant jump over the past few months. Sectors that are most overvalued are Financials, Materials, Industrials, while Staples, Tech and Health Care offer the most value.

Bill: Current CAPE10 value = 23.69. Long term average =~ 16.34. Overval = 43%

Some folks say Shiller overstates overvaluation. Eg

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