EFTA01071135Set 9
2012-10-095p3,351w
worth in historical context.
The traditional version of the Graham-Dodd/Shiller model makes equities look a bit expensive, cheaper only than the
1990's valuation bubble ... short, anchoring expectations in
the immediate past is a potential problem with the Graham-Dodd/Shiller approach.
ley
Graham-Dodd/Shiller valuation approach: expensive S&P 500 reported earnings drawdowns
https://www.justice.gov/epstein/files/DataSet%209/EFTA01071135.pdf