Stock-market values reached levels seen on the eve of 1929 crash by one measure
December 02, 2020 at 09:59 AM EST
According to Deutsche Bank strategist Jim Reid, the recent run-up in U.S. stocks has taken markets "above the level seen on the eve of the 1929 stock market crash and the recent peak in January 2018,"citing the CAPE ratio of price-to-earnings created in part by Robert Shiller.