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

Suggested Citation

Grennon, Terry, A Secular Cape Wave Prospective (May 13, 2016). Available at SSRN: https://ssrn.com/abstract=2779651 or http://dx.doi.org/10.2139/ssrn.2779651

Terry Grennon (Contact Author)

Fiduciary Focus, LLC ( email )

230 E48th Street
New York, NY 10017
United States

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