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Robert Shiller: The Mystery Of Lofty Stock Market Elevations

FYI: The United States stock market looks very expensive right now. The CAPE ratio, a stock-price measure I helped develop — is hovering at a worrisome level.
Regards,
Ted
http://www.nytimes.com/2014/08/17/upshot/the-mystery-of-lofty-elevations.html?_r=0&abt=0002&abg=0

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