Open up just about any news site (even this one) these days and you'll probably see an article that trumpets the existence of a stock market bubble, driven by overhyped technology investment and investor desire for outsized gains. And while the stock market surely is frothy, it's not time to restock the bomb shelter.
Recent data from the Shiller Price Earnings Index shows that stocks are at an all-time high. Even adjusted for inflation, today's prices are only rivaled by numbers not seen since 1929, just before the stock market crash, and the 2000 stock market.
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To read the original article: Venture capitalist John Backus: reports of a stock market bubble are false.
