Discuss all general (i.e. non-personal) investing questions and issues, investing news, and theory.
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I enjoyed this blog post from Above the Market. The author, Robert Seawright, looks at PE10, DY10, Tobin's Q, Market Cap to GDP, and Bond Yields, and compares each to historical averages. He is careful to point out that short-term market timing based on valuations is a difficult (i.e. useless) endeavor, but that all of these indicators suggest that US stocks are overvalued and poised for less-than-average long-term returns.
"We have to encourage a return to traditional moral values. Most importantly, we have to promote general social concern, and less materialism in young people." - PB