“Valuations Affect the Result. So Valuations Need To Be Considered.”

Set forth below is the text of a comment that I recently posted to the discussion thread for another blog entry at this site:

You somehow think you are getting greater stability outside of stocks when you look at CAPE?  Really? Are you familiar with the impact of interest rate changes, inflation, etc?

Valuations affect the result. So valuations need to be considered.

The only possible reason for ignoring valuations is that you want to persuade yourself that irrational exuberance gains are real. Which is a self-deception. Not this boy, you know?

Rob