Valuation-Informed Indexing #605: Today’s CAPE Value Is a National Scandal

I’ve posted Entry #605 to my weekly Valuation-Informed Indexing column at the Value Walk site. It’s called Today’s CAPE Value Is a National Scandal.

Juicy Excerpt: When it’s hurricane season, there are hysterical reports on all of the television stations warning people who live in the areas likely to be hit to evacuate immediately. We don’t just watch the hurricanes work their destruction without making an effort to protect the people in their path. But isn’t that what we do with stock price crashes? We know what causes them – high stock prices. But we encourage people to continue buying stocks even when prices are already at frighteningly high levels. There are no news reports urging investors likely to see their lives blown to pieces to “Get Out Now!”