Price-Earnings ratios like a predictor of 20-year returns dependent upon the plot by Robert Shiller (Determine 10.1,[65] resource). The horizontal axis shows the real rate-earnings ratio in the S&P Composite Stock Price Index as computed in Irrational Exuberance (inflation modified value divided through the prior 10-yr imply of inflation-adjusted earnings). http://emiliofauph.blogpostie.com/5007649/the-market-stock-diaries