News: 2013-11-22

Stock Funds Lure Most Cash in 13 Years as Investors Chase Rally - Businessweek
Warren Buffett's Favorite Market Indicator Shows the Stock Market Is Overvalued (^DJI, ^GSPC, TWTR)
"Corporate profit margins are at all-time highs, and earnings are not growing. The S&P 500 is rising on earnings-multiple expansion, rather than earnings growth, and it looks overvalued.
The cyclically adjusted P/E ratio (a.k.a. the Shiller P/E) is at 25 -- about 50% above its historical average of 16.5....

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