Up to date Oct 23, 2023, 2:48 am EDT / Authentic Oct 20, 2023, 3:51 pm EDT
Shares haven’t appeared this overpriced in 20 years, one Wall Avenue economist wrote this previous week. He cites the 10-year Treasury yield, just lately as much as about 5%, in contrast with the “earnings yield” of the S&P 500 index, or the value/earnings ratio flipped the other way up, which can be close to 5%. As finance poindexters say, has the fairness danger premium collapsed to zero? That roughly interprets to: Why take an opportunity on dangerous shares when secure bonds appear equally priced?
