Nathan Winklepleck

Share this post

Is the Stock Market Overvalued?

www.nathanwinklepleck.com

Is the Stock Market Overvalued?

What 70 years of earnings & interest rates tell us about today's stock prices

Nathan Winklepleck
Nov 7, 2020
1
Share this post

Is the Stock Market Overvalued?

www.nathanwinklepleck.com

Over the last 5 years, I’ve read a nauseating number of articles suggesting that the stock market was wildly overvalued. The underlying logic of their argument was the regurgitated “analysis” of current price-to-earnings (P/E) ratios compared with long-term averages.

They all go something like this:

“The average P/E ratio for stocks has been 16 over the …

This post is for paid subscribers

Already a paid subscriber? Sign in
© 2023 Nathan Winklepleck
Privacy ∙ Terms ∙ Collection notice
Start WritingGet the app
Substack is the home for great writing