Stock Investors Are Drunk on the BEER Ratio

The current earnings yield on stocks is 5.21 percent, significantly less than its 7.47 percent historical average over the last 142 years. Treasury bond yields are so low at 2.15 percent, the BEER ratio of 0.41 makes stocks look cheap in comparison. The ratio has been getting a lot of buzz –…

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Stock Investors Are Drunk on the BEER Ratio