Shiller Versus Siegel: How Rich Are Stocks Really?

4/29/2017

With the S&P 500 Index closing in on record highs this week, the question of how richly stocks are valued looms large in the market conversation—and well-known academics Robert Shiller and Jeremy Siegel have very different answers. What’s clear is that the recent rally has come largely on the back of rising valuations; the S&P’s forward