Monday, January 05, 2015
How did CAPE do in 2014?
The median stock market had a negative year in 2013 of -1.33%
The average of cheap markets (defined as cheapest 25%) declined -12.88%
The average of expensive markets gained 1.36%.
The names have shifted around a little bit (I sent updated values to Idea Farm members earlier today) but the cheap ranks are still dominated by the continent across the Atlantic, and Russia and Brazil…
Posted by Bud Fox at 9:15 AM