Thursday, April 09, 2009

Siegel on Stock Market Valuation

A couple months ago UPenn economist Jeremy Siegel penned a Wall Street Journal op-ed on stock market valuation and problems in cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 standardly computed price-earnings ratio. When I first read it, I did not find cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 arguments were very persuasive. Now, in a new op-ed at Yahoo, Jeremy responds to his critics. This time he comes closer to convincing me that he is on to something. The argument from Bob Shiller, cited by Jeremy in cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 second article, about stock shares as options makes sense. If you are interested in cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 issue of stock valuation, click through to cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 two op-eds and read cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365m in order.