Epstein Secrets

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onnection with a burglary/robbery at "Girls Gone Wild" gazillionaire Joe Francis' home in January 2004

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oclassicism, is clearly controversial. Given the wild gyrations of the prices of shares, commodities, h

hastic basis for stock market movements and also give substantial evidence for long term reversion to mean for stock market prices when measured by Tobin's q or by CAPE; the 'Cyclically Adjusted Price to Earnings ratio'. This is discussed at length in Smithers [Smithers 2009] for example, and is looke

on Cells, Wikipedia http://commons.wikimedia.org/wild/File:ConvectionCells.svg Fama EF, French KR, 199

escales. Two measures in particular are able to capture the over or under valuation of the stock market, the two measures that do this are CAPE and Tobin's q. Tobin's q is of course the same thing as the book-to-market ratio, the same value used at company level in the research of French & Fama and v