The bull and bear statue outside the Frankfurt Stock Exchange. Concerns are mounting that markets are now overvalued. Photograph: Alex Kraus/Bloomberg
It’s hardly great timing for the 750,000 or so workers in the Republic about to be swept into the State’s new automatic-enrolment pension scheme, as concerns mount that markets are well into bubble territory.
The bears can point to plenty of red flags.
A valuation model developed by Nobel laureate Robert Shiller puts stocks in the S&P 500 as trading at about 40 times earnings, adjusted for inflation – the second-highest level ever, trailing only the dot-com peak in 2000.
As legendary investor Warren Buffett prepares to retire at the end of this year after 60 years leading Berkshire Hathaway, his famed Buffett Indicator, measuring the US market relative to the size of the economy, is hovering around an all-time high.
It might help explain wh
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