Nobel winner, jails robert shi yales Robert Shiller. I didnt mean to cause jaws to drop. Why this call . Well, its not that different. Stocks have generally outperformed other investments through history. Theyre highly priced now, which means i dont expect them to outperform so much, but for a longterm investor, and most people are, i think there should be a place for stocks in the portfolio, and they could go up a lot from where they are now. They could also go down a lot. Thats the problem, but the answer isnt to avoids stocks entirely. What gets them to go up 50 from here . Well, the last time that happened right now the price earns ratio i used is cyclically adjusted youre very famous for your cape ratio. Its about 30 now. Think back to the 190s. It went up from 30 to 45 in 2000. Thats a 50 percent essentially a 50 further increase. Im just saying that could happen again. To me its largely psychology, its not something that has an exact science. We have some kind of inspiration may
From the overnight rain that was kind enough to hold off until last night. You did get yesterday in without any rain. Yesterday you saw it arrived and you see it in the process of departing. Harrisburg, thunderstorms those appear to be kind of pushing off and away from us up towards the poconos. South jersey damp. Philadelphia beginning to dry out. It does look like most of this push out of here by 9 00, or so, if youre in Northern Areas theres a chance that the rain on and off hangs on to later this morning maybe until midday. Temperatures are in the upper 50s right now across the region him well get a high of 70. But probably not until late this afternoon, an afternoon spotty shower or even a thundershower possible, but i think most of you are aokay once we get rid of the morning rain. When i step inside well look at how the rain evolves and get out of here and a warmup coming in the sevenday forecast. Reporter were seeing wet roads and were not seeing traffic on any of the roads. We
The bench mark. It becomes humid. 70 is oppressive. You get higher than 70 it feels really, really lousy, now we have dewpoints in the low 60s. They will continue to lower, it will feel good later on. Satellite and radar a little bit of cloud cover kind of sneaking in from the southwest. Generally speaking well go mostly sunny, a mixture of sun and clouds, very pleasant overall high of 80 degrees. Ill focus on the heat wave when i come back in the exclusive accuweather sevenday forecast. Thank you. One day after violent thunderstorms went through the tristate area, several people are facing the damage thats left behind. The storms brought down trees and power lines and damaged homes and cars in new castle delaware, surveillance cameras captured this wild video of the storm blowing through. The strong winds ripped a part the fence along the 2000 block of new castle avenue. The wood and metal fence was pulled out of the ground and pieces of it ended up in the overhead lines. Nextdoor a r
Reporter maybe stormy as we go through the late part of the day. For now, satellite and radar up and running in the weather center. Theres a lot of cloud cover across the region right now and some showers moving into the western portion of the region you can see that with more extending back to the west. As for the immediate showers they are light and having a little difficult getting into wilmington, delaware, right now. South of wilmington, though, in southern New Castle County youre starting to see the lighter rain highlighted and lighter shades of green some of that extended into Montgomery County and chester county, as will. As you look to the west, you see the darker shades of green thats steadier rain, by baltimore thats the heavierallt all day. 70 degrees in philadelphia. 71 in wilmington. 70 in allentown. 68 in trenton. 71 at the airport in ac. 72 cape may, new jersey at this early hour. Heres where numbers are going, 71 degrees by 7 00. Noon, 77 degrees, the high today will b
Among them postal workers. Eye witt the necessary News Reporter joe holden spent the day outside and as deliveries were being made in ridley park , Delaware County right now, tell us about it, gentlemen. Reporter we are all shivering out here, but this weather is no match for mail carrier nancy betson. I definitely like it out here better. Reporter with the biting wind chill of 13 degrees nancy betson loves her job. She has been with the Postal Service for 31 year, 26 carrying mail in this little section of ridley park. I kind of call it my gym time, like exercise, you know, fresh air, keeping me there being sick, and, in the building. Reporter nancy is a stapel on these streets. Born and raised around here , you know, how are you doing. Happy holidays. Merry christmas. The. Reporter while some are new most of her customers have known her for decade. Merry christmas, to you john. Reporter with the warm smile nancy takes to weather in stride. The shes bundled in four layers, thermal und