Coaches Round Table

What was the PE of the stock market before and after the stock market crash of 1929?

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?

Public Comments

1. 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.