Founder Drach Advisors LLC, investment advisory firm. Adjunct Professor, Maine Maritime Academy. Author of the Drach Market Research weekly newsletter. Regular speaker with the American Association of Individual Investors.
Traders on online forums are whipping the meme cryptocurrency’s price higher following a meteoric 8,000% rally so far this year.
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Adjusted P/E ratios, such as the Shiller P/E, have exhibited a strong correlation to future stock market returns. In fact, a CAPE ratio does a better job of forecasting risk-adjusted returns than it does absolute returns.