Archive

Schiller Cyclically Adjusted PE Ratio (CAPE) – Real or Misleading?

May 27, 2017

QUESTION: Hi Martin,   Long time… perhaps you can reflect on the indicator of the Shiller CAPE ratio? Not that it is a predictive sell/buy signal in itself, but it is an indicator showing history R ANSWER: The Shiller Cyclically Adjusted PE Ratio known as CAPE,  is a particular PE ratio invented by Robert Shiller of […]

Research – Where to find it

May 27, 2017

QUESTION: Mr, Armstrong; I read the research you provided for the Hong Kong WEC. I tried to see if I could find some of the Harper’s Weekly articles you photographed and perhaps others. They are not online. May I ask, where do you get access to such material? ANSWER: I have a very extensive library […]

Market Talk – May 26, 2017

May 27, 2017

Asian indices closed lower on the day following a disappointing OPEC announcement. The market had built-up so much expectation that no-reduction was necessary to avoid the dissatisfaction that eventually matured. However, that said the majority of talk early this morning was around the PBOC playing with the currency and also talk that a little intervention […]