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follow AD 2013 Apr 28, 2:35pm
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The above website makes a good point that we may be in year 13 of at least and 18 year bear market. It brings up the Shiller P/E ratio. A ratio of 23 or more is considered over-value. I think we reached that point today (see http://www.multpl.com/shiller-pe/). That is why I am a little skeptical about the current market run-up (i.e., being driven by big banks using Quantitative Easing money) unless there are some major positive earning surprises for a majority of the companies in the S&P 500.
Those 4 years are within a long term or secular bear market. The website was to show that in 4 or 5 years from now that the S&P 500 will be at the same level as it was in 2000.
So it's my fault you exploit the system and undermine all Obama's efforts, because you can gauge his sheer incompetence?
Based on previous cycles, it is therefore not difficult to conclude that the current secular bear market has further to run in duration (we are only halfway there in terms of years and recessions)