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Author: ToddSullivan
We’ve addressed our feelings on the uselessness of CAPE before but I am seeing it being used frequently once again so it is time to revisit….
In fact, the WSJ just referred to it again…..CAPE hasn’t “worked” in over a decade at predicting anything (not that it ever really did)…it.s time to put it to bed
We need to put to bed once and for all the notion the Fed is ahead of things and set rates to lead the market. It simply follows the market’s lead…..