JP Morgan observes: “Shiller P/E shows the market to be overvalued, but not as extreme if you use the NIPA data.”
I’ve never used the NIPA data, so I have no real opinion on it. The two charts look directionally similar, but different in terms of magnitude.
For those of you bulls in search of some valuation confirmation bias, NIPA is your best bet.
Washington Reset: Investing in the Wake of the Shutdown
Dr. David Kelly Chief Global Strategist
J.P. Morgan Funds October 30, 2013
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
16 Responses to “Lagged P/E Ratios: Shiller Cape vs NIPA”
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