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Interesting Take on Equity Risk Premiums and Overall Market Valuation


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Just read this article which tries to break down the conflicting variables of the overall market driving the bullish/bearish sentiment.

Good article!

 

 

 

 

http://aswathdamodaran.blogspot.com.au/2013/05/equity-risk-premiums-erp-and-stocks.html

 

After reading the article, and reading the comments by readers, I can't say that the article gives me any insights into how to value the markets?  I think there is direct evidence that too much analysis, and not enough rationality, is what is making markets undecipherable between the bulls and the bears.  Ignore the analysis and buy when you find things are cheap.  Right now, I cannot find much cheap stuff!  Cheers!

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