2024-10-24
Notes from
https://www.barrons.com/amp/articles/goldman-sachs-stock-market-lost-decade-9c9fd595
the cyclically-adjusted price/earnings ratio uses average trailing 10-year inflation-adjusted earnings
CAPE ratio
Robert Shiller
Nobel Prize-winning economist
popularized the CAPE ratio
technology and communications services now make up about 40% of the S&P 500