[Shiller PE RATIO](https://imgur.com/a/kRDmizj)
Saw this chart and the number surprised me.
CAPE is at 42.4. Peak in Dec 1999 was 44.2.
Not saying that means a crash. CAPE has been pretty awful for calling tops and people have been saying stocks are too expensive for years.
Still, 42 is 42.
I know the arguments. Margins are higher now, the index looks very different, mega caps actually make a ton of money. So maybe comparing this directly to 1999 isn’t that useful.
But it’s also basically the all-time high.
Does anyone here actually use CAPE when deciding how much to have in stocks? Or do you just look at this stuff and move on?
