VALUATION MEMORY · SAME AXES THEN AND NOW
Shiller CAPE
meets the S&P.
One continuous monthly series from 1995 (Netscape-era start) through today. The shaded band is the .com window. The bright horizontal line is CAPE 40 — historically rare outside ~1999–2000, and again in the present stretch near ~41.7.
01 · CONTINUOUS SERIES
1994 → today on one chart.
CAPE 40 is a historically rare threshold — the only prior multi-month stretch above 40 was ~1999–2000.