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What was the PE of the stock market before and after the stock market crash of 1929?
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What was the PE of the stock market before and after the stock market crash of 1929? What I'm really wondering, was that stock market really a "bubble" crashing?
No, the P/E ratio didn't really collapse - but profits collapsed as well. See http://www.econ.yale.edu/~shiller/data/stock%20data%20annual%201871-2003.htm for historical data.
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No, the P/E ratio didn't really collapse - but profits collapsed as well. See http://www.econ.yale.edu/~shiller/data/stock%20data%20annual%201871-2003.htm for historical data.
References :
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