The above chart of Sentiment Indicator is based on the published work by Ian Martin and me: Volatility, Valuation Ratios, and Bubbles: An Empirical Measure of Market Sentiment. All rights reserved.
The above chart of Sentiment Indicator is based on the published work by Ian Martin and me: Volatility, Valuation Ratios, and Bubbles: An Empirical Measure of Market Sentiment. All rights reserved.
The above chart of expected and realised excess return is based on the published paper by Ian Martin: What is the Expected Return on the Market. All rights reserved.