1. The CAPE is unrefined horse shit. It contains data from 2008-2010 which gives ridiculously high numbers that have no relevance in today's market. The entire index is corrupt since it assumes past performance is a predictor of future results. Shiller violates one of the most basic rules of investing and incorporates it into an index. How fucking stupid can someone get?
2. Shiller said the stock market was irrationally overpriced in December 1996. This means AT BEST he's about three years early which would fit very nicely with my 2017 crash model. Today as was true then, if you listen to his advice you are going to get slaughtered.