TY  - GEN
T1  - The bubble without any fizz.   [article].
UL  - https://tuklas.up.edu.ph/Record/UP-8027390931312556492
AB  - USUALLY, when asset prices boom, people get excited. As America?s stockmarkets scaled wild peaks in 1929 and 1999 they did so amid feverish enthusiasm. Search for such euphoria on Wall Street today and you will come back empty-handed. Look at underlying numbers, though, and it is at first hard to see why. Over the past 136 years the cyclically adjusted price-earnings ratio (CAPE), a useful measure of how expensive stocks have become, has reached its current heights only twice before: during the dotcom bubble; and just before the Crash of ?29.
KW  - Asset prices-Periodicals.
KW  - Investments.
KW  - Financial crisis.
ER  -