Slope of Hope Blog Posts

Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.

The Roaring Twenty

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STATS

One of the cooler little corners of the SlopeCharts feature set is the Statistics data panel, which has a bevy of interesting charts. I thought I’d take a look at the Shiller P/E Ratio just to see how things stacked up, in the most general sense, over the past century.

As you can see in the chart below, the notion that the market is somehow a “value” at these prices is an hysterical absurdity. We are precisely where we were at the peak of the roaring twenties (a time in which, let’s face it, companies actually created products and generated profits, which is a quaint notion in this enlightened age of ours). Stocks are, by the measure of anyone not clinically insane, wildly overpriced and expensive.

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