The Equity Risk Premium Sunk to a 20 Year Low

Aswath Demotor and NYU professor of finance, often called the Dean of Valuations, join us. Wall Street Journal had a story this week detailing how the equity risk premium is sunk to a 20 year low. Is this narrowing gap a sign the bull market for stocks is running out of gas? Aswath: It's incomplete because it misses two components with stocks.