CNBC parades brainless Wall Street shills before the 50 people who still watch the financial propaganda channel every day telling you that stocks are cheap. The Case Shiller PE ratio argues otherwise. It is 50% above the long-time average. It has only been higher prior to epic crashes. It is at this level with Earnings (E in PE) at all time record highs due to mark to fantasy accounting rules, $2.7 trillion of QE in the last four years, 0% interest rates for the financial elite, and firing of workers in the U.S.
Sounds really sustainable. It’s the best time to buy. Right?