Intelligence

Need experts on stock market benchmarks — are stocks really high?

Reporter: Jeff Brown

Publication: The Wall Street Journal

Contact: iq@fullyvested.com

Deadline: Jul 15, 2017 11:00 pm

I’m looking for financial advisors, market analysts and academics to help sort out the pros and cons of stock market gauges in determining whether stock prices are now high enough to worry about. For example, which of the various price-to-earnings ratios are the most accurate? Today’s prices relative to past earnings, projected earnings or Shiller’s CAPE? Should use of such benchmarks be put in context, like the point in the business cycle or during times of low interest rates, or some other factor? Other than some form of PE, what measures to you prefer or find most useful? ‘m thinking of ones like Sharpe Ratio The bottom line for this story: Stock prices are at records, but are they really high relative to earnings and other key factors? Are there sectors that do not line up with the broad-market measures today — ones that look especially cheap or dear? Requirements: I prefer responses by email containing usable content and quotes, and because I usually get plenty I rarely follow up on ones that merely offer a source for interview. Please include the source’s contact info, full name, preferred title in its shortest form, firm and location.

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