Asness: Shiller P/E is Signaling Risk of Another Lost Decade for US Stocks | Enterprising Investor

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