The current reading for the Shiller Cyclically Adjusted Price Earnings Ratio (CAPE) for the U.S. stock market is 39.5. This is the second highest reading in the history of the data going back to 1881, just below the all-time peak of 44.2 at the start of the new millennium. Even in 1929, just before the most famous stock market crash, CAPE only got to 32.5.
Tools for Technical Analysis
