Tag: shiller pe

CAPE Has No Value…….

CAPE Has No Value…….

I’ve seen CAPE being used more and more by folks to justify the “market is overvalued” meme. I find CAPE to be deeply flawed for a simple reason. FAS 157 adopted in 2008.  FAS 157 fundamentally changed “E” in the “PE” […]

Tocqueville 2014 Letter To Investors

Tocqueville 2014 Letter To Investors

Tocqueville Investor Letter – Year End 2014 It is a little-known fact that gold outperformed all currencies in 2014, except for the US dollar. In dollar terms gold declined 1.7 percent, but as the table below shows, it posted solid […]