Henry Blodgett Thinks There Exists a "Great Disconnect"

By on March 29, 2010

Henry Blodgett is perplexed by equities that are seemingly overvalued and a housing market that’s poised to renew its descent.

If stocks were cheap, we wouldn’t worry about it. We would just assume that the market was so forward-looking that it was gazing beyond the double-housing-dip to the eventual recovery. But stocks aren’t cheap. In fact, measured using our favorite valuation technique, Professor Robert Shiller’s cyclically adjusted PE analysis, they’re getting downright expensive.

Source: Business Insider
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