A Secular Cape Wave Prospective
4 Pages Posted: 15 May 2016 Last revised: 4 Mar 2020
Date Written: May 13, 2016
Based on expected US equity secular forecasts according to the Elliott wave, the secular bear which started in 2000 puts a bottom about 80% below 2000 highs. This paper translates and illustrates an equivalent prospective wave (inverted) which places the Shiller CAPE at approximately 7.5.
Keywords: Easterling, Shiller, Prechter, CAPE
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