Wall Street has been so busy with one all-time high after another, many have already long-forgotten that it’s been over one-year since the stock market corrected by 10% or more. But as the great poets say, “we don’t remember the days, we only remember the moments.”
(Audio) Are ETFs turning people into day traders?
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“Stocks are cheap by historical standards” is the latest fiction being promoted by valuation geeks. Is it true?
Meb Faber, proprietor of the Cambria Global Value ETF (NYSEARCA:GVAL), and a valuation guru tweeted the 5-year CAPE ratio for the usually frothy technology sector (NYSEARCA:XLK) is just 22 today compared to an elevated 96 at the height of the dotcom boom back in March 2000.
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