Comments on: Markets: Exuberance is not always ‘irrational’ http://blogs.reuters.com/anatole-kaletsky/2014/07/25/markets-exuberance-is-not-always-irrational/ Sat, 03 Jan 2015 16:42:55 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: VitorPC http://blogs.reuters.com/anatole-kaletsky/2014/07/25/markets-exuberance-is-not-always-irrational/#comment-1877 Wed, 06 Aug 2014 19:58:36 +0000 http://blogs.reuters.com/anatole-kaletsky/?p=1313#comment-1877 I have to disagree with your article.
If you have to criticize whatever indicator as a good proxy or not for investments, you will never start by those who try to valuate in real terms. And that’s precisely what Shiller’s does. Never compare things measuring values in real terms and absolute terms in order to figure out which is best: for the sake of logic and reasonability, real figures are always better figures in the long run.

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By: BidnisMan http://blogs.reuters.com/anatole-kaletsky/2014/07/25/markets-exuberance-is-not-always-irrational/#comment-1871 Mon, 28 Jul 2014 20:51:04 +0000 http://blogs.reuters.com/anatole-kaletsky/?p=1313#comment-1871 Remember too that current profits are misleading because half of them relate to interest earned on retained cash – which has no growth prospects – which means the real PE ratios are far north of 17.

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By: BidnisMan http://blogs.reuters.com/anatole-kaletsky/2014/07/25/markets-exuberance-is-not-always-irrational/#comment-1870 Mon, 28 Jul 2014 20:50:39 +0000 http://blogs.reuters.com/anatole-kaletsky/?p=1313#comment-1870 Shiller’s fundamental message still trumps yours, that stock’s value is ultimately underpinned by fundamentals (profits) and not sentiment (exuberance).

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By: brotherkenny4 http://blogs.reuters.com/anatole-kaletsky/2014/07/25/markets-exuberance-is-not-always-irrational/#comment-1869 Mon, 28 Jul 2014 18:11:45 +0000 http://blogs.reuters.com/anatole-kaletsky/?p=1313#comment-1869 Stock are probably where they should be. It’s mostly due to the lack of push back by the average american and other world citizens against the fascist forces. We have less freedom, yet no one protests. It suggests that for the most part people can have their minds controlled by TV and they will accept a voluntary slavery. That’s good for business, who gets to take most of the profits and expand windfalls through cutting of social programs leaving more funds to subsidize activities beneficial to corporations. The whole of government at local, state and federal level is on the side of corporations, and our laws and even constitution are being changed or ignored to give greater advantage to corporations. So, stocks should be doing well.

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By: michaelryan http://blogs.reuters.com/anatole-kaletsky/2014/07/25/markets-exuberance-is-not-always-irrational/#comment-1868 Mon, 28 Jul 2014 13:52:55 +0000 http://blogs.reuters.com/anatole-kaletsky/?p=1313#comment-1868 yep – the past 10 years of profits would not be worthy of any comparison….

However.. the pe ratio is above 19… not around 17. Historically the pe ratio doesn’t get above 17 much.. so seems to be we shouldn’t be exuberant but the sky isn’t about to fall.. but caution is warranted…

I sense your article is more about keeping investors buying… They typical cheerleader on the sidelines who is about to place a bunch of put orders…

http://www.multpl.com/

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By: alia2525 http://blogs.reuters.com/anatole-kaletsky/2014/07/25/markets-exuberance-is-not-always-irrational/#comment-1863 Sun, 27 Jul 2014 00:12:20 +0000 http://blogs.reuters.com/anatole-kaletsky/?p=1313#comment-1863 There was irrational exhuberence, and now, we have irrational denial by Mister kaletsky.

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