Articles & Insights
Tacita Capital Commentary  |  15 October 2010

Bogus Numbers

Investors today have a right to be confused. A cadre of investment strategists tell them that stocks are cheap, authoritatively declaring that the price-earnings ratio of the S&P 500 index is much lower than the historic average. Yet, another crowd of analysts claim that the market is overvalued, quoting different price-earnings numbers. Who is right? Read more >