Subject: Re: Exploding CAPEtown
Tedthedog

For me, a wonderful explanation of CAPE and alternatives.

If you wouldn't mind, a few questions.

For FAPE2, when calculating the twenty year average, did you use daily closings or some other method? Was the pricing adjusted for dividends? Did you look at using actual prices and not real prices? Did you look at other averages (e.g. EMA) for calculating the denominator? Did you look at other time periods than 20 years? Did you look at other correlations other than 10 years forward return?

Thanks for sharing your work.

Aussi