Money Roundup: Record Stock Market High Edition

by Michael on Oct 20, 2013

In case you haven’t been paying attention, I though you might like to know that the S&P 500 closed at a record high on Thursday. And again on Friday.

Not surprisingly, Nobel Prize winner Robert Shiller says that stocks are currently “highly priced” and that he worries they “might correct.”

That being said, his cyclically adjusted PE ratio (currently a shade below 24) is lower than the pre-collapse peak of 27.5 in May 2007, and way lower than the all-time high of 44.2 in December of 1999.

He also says that investors shouldn’t be alarmed, and that one could — and probably should — invest in stocks “in a diversified portfolio.” Sound advice.

And now… Here are some articles that caught my eye this past week:

That’s it. I hope you had a great weekend.


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