Following the 10-year Average Earnings- and Dividend Yields, S&P 500 (as of 2 Jan-13), here's Cliff Asness' take on the S&P 500 index valuation. Please note that the index has gone up following the publication of this report on 19 November 2012.
Asness: Shiller P/E is Signaling Risk of Another Lost Decade for US Stocks | Enterprising Investor
Asness: Shiller P/E is Signaling Risk of Another Lost Decade for US Stocks | Enterprising Investor
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