Goldman Sachs destroys one of the most persistent myths about investing in stocks 🤯
The sacred CAPE ratio is problematic🤦♂️
Let’s talk about the CAPE ratio. It’s one of the most widely-followed stock market valuation metrics. It’s being talked about more as investors wonder whether stocks are poised to lose ground in 2022. Unfortunately, the signal of doom it supposedly sends is a myth.
CAPE, or cyclically adjusted price-earnings, was popularized by Nobel prize-winning econom…
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