By Bellingham Bill
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follow Bellingham Bill 2017 Sep 17, 10:46am
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So the 1995-2002 mismatch visible in the chart may be replaying now and we're due a 25% correction back under 2000 in the S&P., or we've entered a different reality and 25 P/E ratio is the new floor not ceiling.
The S&P correlates in the effort to anticipate rising corporate profits. The age-old discount is 6-8 months. The stock market is discounting new highs in profits.
Any theories as to what the next crash will do to bond funds like NAC?